Operational efficiency is a critical competency for credit unions in this downturn. In A Road Map for Credit Union...
Mar 27 2008
Connecting the Dots on Credit Union Collaboration: A Colloquium at the Wharton School
Do credit unions trust each other enough to make collaboration happen? In the face of diminishing margins, increasing expenses, fierce competition, and declining memberships, credit unions must trust each other and collaborate to survive. Connecting the Dots on Credit Union Collaboration: A Colloquium at the Wharton School of the University of Pennsylvania, summarizes the key findings of a 2007 colloquium of academics, practitioners and consultants, which was sponsored by Filene in conjunction with the Wharton School.
- Shared technology and trust are key enablers for collaboration.
- Collaboration is a phased process that occurs in steps, not leaps.
- Success stories in collaboration vary from networking opportunities, building a shared back office, or the establishment of a large cooperative unit such as Desjardins Group
So, what is your credit union doing to collaborate? What are the rewards and challenges?
View the presentations from our colloquium presenters.
Report Number 149