Think corporate credit unions died? Think again. Jay Murray, CEO of Vizo,a large corporate that's the product of a merger between Mid Atlantic and First Carolina, is bullish on the future of corporate credit unions and he thinks they just may be essential to the survival of many thousands of small credit unions.
He's probably right.
But Jay has more to say. He talks about Vizo's push into offering cooperative backoffice technology solutions, at affordable rates, to hundreds of small credit unions. He's attacking the hegemony of for profit vendors and that just may be a very cool thing.
Murray also has profound thoughts about the importance of cooperatives cooperating with other cooperatives, for mutual benefit. That means looking for ways to work with, say, rural electric cooperatives, food cooperatives, and just about every other kind of cooperative. What cooperatives are you working with?
This is a good podcast with plenty of insights into what tomorrow might look like for small credit unions and it may be more cheerful than you think. Are small credit unions dead men walking? Murray says no way and he tells why he is optimistic.
The CU2.0 podcast. About credit unions for tomorrow.
Listen to the podcast here.