The CU2.0 Podcast

CU 2.0 Podcast Episode 47 Randy Karnes CU*Answers for Small Credit Unions

August 14, 2019 Season 1 Episode 47
The CU2.0 Podcast
CU 2.0 Podcast Episode 47 Randy Karnes CU*Answers for Small Credit Unions
Chapters
The CU2.0 Podcast
CU 2.0 Podcast Episode 47 Randy Karnes CU*Answers for Small Credit Unions
Aug 14, 2019 Season 1 Episode 47
Robert McGarvey
Randy Karnes Tells the Small Credit Union Guide to Succeeding in Turbulent Times
Show Notes

Randy Karnes just may be the poster boy for the cooperative entrepreneur.  In the process he may also have come upon the formula that will enable many hundreds - perhaps thousands - of small credit unions to thrive in the 21st century.

How can they? Aren't they technology deserts in an era of digital banking? Nope. Not with CU*Answers, the CUSO Karnes helms, at their side.  CU*Answers once was simply a core system provider but as the technology needs of credit unions have evolved, so has CU*Answers.  It now offers online banking, mobile banking, and more; you want to hear why in this podcast.

178 credit unions own CU*Answers and they range in size from microscopic to over $1 billion in assets.  The typical CU*Answers credit union is $80 to $100 million in assets and, say many pundits, that's an endangered species.

 Karnes dissents. "I don't think they will be gone."

He adds, "Credit unions will survive to the extent they stay creative and disruptive."

Remember that. The point of a credit union is not to be staid and conservative. It's to rock the boat.  That's why they were founded, to be different.

The ones that prosper today will do likewise





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