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
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
2 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
3 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
4 hours ago
@TheNCUA open meeting is slated to start at 10 a.m. ET. Should be a quick one. #NewsNow http://t.co/rfYjnat7eI
5 hours ago
Mass. CUs in unanimous vote joined RI and NH CUs in approving merger of the 3 state leagues 2 form the Cooperative Credit Union Association.
5 hours ago