WEST PALM BEACH, Fla. — The severity of the current recession has tested many credit unions' management and boards. In this issue, five CEOs offer their insights on the lessons they have taken away from the current environment. To read about the lessons they've learned, please click the links below.
The Takeaways? Fundamentals & Due Diligence
LAS VEGAS-It is time to get back the fundamentals of lending and finance, according to Brad Beal, president/CEO of Nevada FCU.
One Investment That Still Pays Returns
ENDICOTT, N.Y.-A regional recession in upstate New York that lasted for nearly 15 years well-prepared Visions FCU for the current economic downturn.
Downturn Helps Demonstrate Model's Strength
MECHANICSBURG, Penn.-If there is a lesson for credit union CEOs a generation from now who may have to lead their institutions through a recession, it is that such downturns prove the value of the credit union business model.
The Danger of Being Overly Conservative
SOUTH AUGUSTA, S.C.-While many credit unions are citing the advantage of being conservative in the current economy, at least one CU has learned it can pull too hard on the reins.
Shoe Leather On The Street, Members In The Door
LIVE OAK, Texas-When times are tough in the short term, credit unions that want to succeed in the long term must go on offense and pound the pavement for business more than ever.
