Fintech News

Budget Season: What it Takes to Win Hearts, Minds, and Wallets

Sep 28, 2017 11:13:22 AM / by John Best posted in Setit Credit, Credit Union Management

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Through ups and downs, thick and thin, traditional and emerging schemes, one thing remains constant for credit unions: budgeting season. As we all know, October is the month credit unions start to strategically plan and budget for the coming year and beyond. The season typically begins with big ideas for growth and improving customer relationships, but sadly ends with a tight budget that reflects must-do tasks driven by government regulations.

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Budget Challenge: Meet Credit Union Strategic Goals, Innovate AND Keep the Lights On

Sep 22, 2017 11:33:04 AM / by John Best posted in Setit Credit, Credit Union Management

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Members are the driving force behind all your credit union’s activities, and that’s understandable. Not only does your business strategy focus foremost on fulfilling their needs, but with directors who are members it’s a given that member interests will be top of the priority list. That makes your credit union budget strategy different from that of a for-profit bank, in the following ways:

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Fiduciary Responsibility: a Golden Credit Union Opportunity

Apr 5, 2017 8:00:00 AM / by Glen Sarvady posted in Credit Union Management

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It’s a fundamental premise of the credit union movement, and one that received plenty of attention at CUNA’s annual Governmental Affairs Conference in Washington DC this February. There was no shortage of examples of community engagement, financial literacy efforts, and chartable initiatives on both the grassroots and national levels. Make that international - I challenge anyone to listen to Derreck Kayongo’s tale of founding the Global Soap Project to save lives and advance education in Africa via used hotel soap, and not come away feeling inspired.

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