Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
1 hour ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
2 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
8 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
9 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
10 hours ago