post archives

March 20, 2013

3 reasons membership growth should matter to your credit union

As Chief Financial Officer, I spend a lot of time examining indicators of financial health—the things you’d expect from the head finance guy: ROA, expense ratio, operational efficiency, the bottom line of course, and others. But there’s one number that I’ve learned to pay equal attention to over the last few years because it’s a vital sign for any credit union—membership...

January 25, 2013

Launi Skinner's top three predictions for the credit union industry in 2013

When it comes to predicting the long-term future of the credit union system, there is no magic crystal ball to consult. But having travelled across the country and met with dozens of leaders of both big and small credit unions, I’ve gotten a feel for the major themes influencing the plans for these organizations in 2013.

Many will continue to focus on tried-and-true elements...

October 31, 2012

Helping neighbours out during hard times is part of what it means to be a local credit union

October 2008. It’s still pretty fresh in everyone’s memory, largely because the effects of the market meltdown fuelled by massive high-risk sub-prime lending practices of major financial institutions continue to be felt, especially in the United States and Europe. Though Canada was not hit nearly as hard, many Canadians found themselves unemployed or saw their...

October 31, 2012

Helping neighbours out during hard times is part of what it means to be a local credit union

October 2008. It’s still pretty fresh in everyone’s memory, largely because the effects of the market meltdown fuelled by massive high-risk sub-prime lending practices of major financial institutions continue to be felt, especially in the United States and Europe. Though Canada was not hit nearly as hard, many Canadians found themselves unemployed or saw their...

July 10, 2012

With a career that has until recently been completely outside the financial services industry, I’m often asked by others for my observations on co-operative banking in Canada. Unquestionably, there is a lot to love about credit unions: their community engagement, their relational connections with their members, their business values and practices, and their democratic, grass-roots accountability to their member-owners.

With so much to offer, it should be puzzling as to why...

April 19, 2012

A number of observers have pointed out that Apple’s resurgence under Steve Jobs is due in part to core beliefs that he infused into the company culture. In a recent blog post, Fast Company’s Bill Taylor stressed the importance of what an organization believes—corporate credos, if you will—over and above its products. Taylor sees a strong correlation between high...