Every month we highlight a NACUSO member by interviewing one of their top executives. It’s an opportunity to tell their story in a more casual and fun way then through traditional marketing jargon.
This month we sat down with OnApproach CEO Paul Ablack. Continue reading NACUSO Spotlight: OnApproach Chief Evangelist Paul Ablack
Banks just said it, “Let’s do it, let’s fall in love … with the CUSO model!”
It’s finally happened. Big banks are embracing the 6th cooperative principle in their own bank-ish way by collaborating to gain efficiency and save money. Nothing altruistic going on here, it’s just business. The Wall Street Journal reported that J.P. Morgan Chase & Co., Goldman Sachs Group and Morgan Stanley have agreed to create an entity (like a CUSO) which will “create a stream of consistent data that banks use to help determine pricing and transaction costs.” Continue reading Birds do it, Bees do it, Now it Seems Even Big Banks Will do it.
This year my husband and I traveled to Roswell, New Mexico for 4th of July and the International UFO Festival. It’s not to be missed. On Saturday morning we decided to take a walk around town. Just a couple of blocks off the Main Street and at the end of the historic district we came upon this beautiful home/credit union:
The Florist Federal Credit Union. Founded in 1969 the credit union only serves florists, their families and their employees. They offer business loans, deposit accounts and merchant card services. Their VISA cards are gorgeous (flowers of course) They are $7.8 million in assets with just 900 members. This is old school, single sponsor, in a house, listening to their members needs and providing the unique products their target audience wants. I wonder if they still have a credit committee? They are financially strong and as long as there are flowers and florists this credit union should be around for a very long time.
Continue reading Merger Should Be the Last Resort. Collaboration is Key.
