The CU2.0 Podcast

CU 2.0 Podcast Episode 48 Susan Mitchell on the Credit Union Underground

August 21, 2019 Season 1 Episode 48
The CU2.0 Podcast
CU 2.0 Podcast Episode 48 Susan Mitchell on the Credit Union Underground
Chapters
The CU2.0 Podcast
CU 2.0 Podcast Episode 48 Susan Mitchell on the Credit Union Underground
Aug 21, 2019 Season 1 Episode 48
Robert McGarvey
Susan Mitchell on the Credit Union Underground and Finding the Path to Survival by Doing More Good
Show Notes

Circle the date, October 26. Las Vegas. That's when Susan Mitchell, a longtime credit union consultant, is convening another meeting of the Credit Union Underground, this time in parallel with Money 20/20, probably the meeting of the best and brightest in the disruptive quadrant of financial services.  


The point of each Underground is collision with disruptors. A lot - maybe most - credit union executives cling to their individual comfort zones. But get with reality. Maybe half of today's 5500 credit unions will go poof in the next decade.


Bye bye.


At the Undergrounds, attendees get exposed to disruptive thought - but they also see they aren't required to face the challenges alone, a lot of credit union people are in the same boat.


A Mitchell belief is that widespread cooperation helped build the credit union industry. And a renewed commitment to cooperation just may be its salvation.


Ask yourself this: what's your institution's purpose? Who did you help today? Whose life did you change?


Credit unions were created to help community members, to change lives. Are they still doing that?


And know that that is a path to survival. Purpose fuels existence.


This is a wide ranging podcast. Listen and you just may find your path to survival.


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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



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