Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CUNA Council paper explores sustainability biz model
MADISON, Wis. (8/8/11)--“Creating a New Credit Union Sustainability Business Model,” a new white paper from CUNA councils, explores how credit unions can create a viable business model in an economic environment of unprecedented challenges. Anne Legg, recent MBA graduate, vice president of marketing at Cabrillo CU, and 2008-2011 CUNA Marketing & Business Development Council chair, digs into the question--“How can credit unions create sustainability for the future?”--in her MBA thesis-turned-white paper. In the current economic environment, where operating expenses are higher than net interest margin, the credit union industry is facing many challenges: negative earnings, loss of income from recent regulation, and the possible removal of non-taxation status, says the paper. Acknowledging that credit unions are a viable financial alternative for consumers, Legg seeks a solution for credit union sustainability by examining international credit union systems and the cooperative grocery and farming industries. To achieve sustainability within the industry, Legg’s recommendations include developing a shared-value business model and suggestions for incorporating programs founded on the cooperative principles.
Other Resources

RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
5 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
7 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
8 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
8 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
9 hours ago