CU2.0 Podcast Episode 202 Kirk Kordeleski Tells If You Are Paid Enough

 How much do you make? Is it enough?

A question for credit union boards: Are you paying your staff, especially c-suiters, enough to stay competitive in your marketplace?

We are in an era of intense competition for talent. You know how hard it has become to recruit to fill teller openings.

But do you know that a talent war is upending olden credit union beliefs about senior talent and compensation?

It is. And this will help decide what credit unions are left standing 10 years from now.

Telling us what is really going on in credit union executive compensation is Kirk Kordeleski, a onetime Bethpage CU CEO who now consults with credit unions about compensation especially SERP.  

If you think that has to do with search exchange results pages you definitely need to hear this show.

That's Supplemental Executive Retirement Plans and they are emerging as a key tool in senior executive recruitment and retention at credit unions.

Kordeleski, by the way, is a past CU 2.0 Podcast guest - episode 46 in Season 1.        

Kordeleski did this show from a quarantine hotel in Amsterdam  after failing the Covid test required for passengers entering the US.  He is in a remarkably good mood and that may be a clue that this is indeed a guy who can help you untangle your institution's antiquated comp practices.

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

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Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto                                                                             

CU 2.0 Podcast Episode 201 Jeff Keltner Upstart on Smarter Lending

 What happens when you throw a bunch of ex-Googlers into an office in San Mateo California?

Enter Upstart, a new breed lending company that helps financial institutions - credit unions very much included - make more, better unsecured loans and also do auto refinancing.

Upstart comes at lending with a focus on artificial intelligence, machine learning, and doing a lot of data crunching.  Using Upstart's analytics an institution approves a higher percentage of loans - but also enjoys a lower default rate. 

How can that be? According to Jeff Keltner, who heads business development at Upstart and is himself an ex Googler, lots of models plain look at the wrong data when making credit decisions.

Upstart has a page full of dazzling stats about how its models perform versus traditional lending models.  Check it out.

20+ years ago I interviewed the Google founders for MIT's Technology Review magazine. Here's that story. 

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

And like this podcast on whatever service you use to stream it. That matters.

Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

CU 2.0 Podcast Episode 200 Visions FCU's Joe Keller on Credit Unions and Digital Assets

 Tell me: do you have a VP of digital assets?

Didn't think so.

What exactly would such a position do?

Good question.

That's why you want to pay close attention to this podcast with Joe Keller whose title - drumroll please - is vice president of digital assets at Visions, a $6 billion credit union in upstate New York.

Right, Endicott, New York. Not Cambridge Mass or San Jose Ca. 

Endicott. Which is pretty near Binghamton if that helps place it.

Keller, whose background involved big banks, consulting firms, and startups, might have seemed an unlikely credit union hire.

Keller was brought in by Visions CEO Ty Muse.

You'll hear Keller's first reaction to the suggestion - then discover what persuaded him that in fact this was exactly the job he wanted and why getting this right at a credit union genuinely matters.

Incidentally this show is about way more than Bitcoin.  Lots more.  We are deep into an embrace of digital assets and the institutions that get that now will have a head start.

Keller tells how he plans to help Visions get its head start.

And he also tells what he thinks a credit union's first steps into digital assets should look like.

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

And like this podcast on whatever service you use to stream it. That matters.

Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

CU 2.0 Podcast Episode 199 Julie Markee EOS on Managing for Success

 How good a manager are you?

Be honest now.  Do you have a systematic way of measuring how effectively you are leading? Or is it all seat of the pants guesswork and, well, we have to be doing okay because the lights are still on?

Let's be honest. A lot of credit unions are going out of business in the next decade. A lot.

Right now there is a flood of fintechs into the credit union orbit and many come with promises and promise - but a lot of them won't be open in five years.

Ineffective management and leadership will figure into many of these demises.

Enter Julie Markee. She is a professional implementer - you haven't heard that title before, have you - with EOS, a company that teaches what it calls an entrepreneurial operating system (this EOS).

In this podcast Markee - who has worked with a number of companies in the credit union orbit - offers up a fast view of EOS' thinking and processes,

Case in point: are your executive meetings a productive use of time - or do you leave the room thinking why the heck am I spending so much time on this? EOS has a fast approach to meetings that will up effectiveness. You want to hear that.

Do you have the right people in the right seats? That's a core EOS principle and when it's not in place that organization will struggle to succeed. Find out how to get the right people in the right seats in this show.

Along the way, Markee promises links to tools you may find useful. Here they are:

How to run a Level 10 Meeting:

https://www.eosworldwide.com/level-10

Link to resources

https://www.eosworldwide.com/eos-tools 

This is a content rich show. Think about what she says. Think and learn.

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

And like this podcast on whatever service you use to stream it. That matters.

Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto