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Why Credit Unions Are Joining Captives and What’s Driving the Shift
John Harris in Credit Union , Employee Benefits , Healthcare , Self-funding
Employer health insurance costs are rising at the fastest rate in 15 years, with projected increases of 9.5% in the coming year alone.
How Credit Unions Are Collaborating to Protect Their ROA
John Harris in Credit Union , Employee Benefits , ROA
Rising federal interest rates are intensifying competition for low-cost deposits, pushing up funding costs and compressing margins across the credit union industry. After peaking at 1.07% in 2021, credit union return on assets (ROA) is projected to fall to 0.80% this year. “You can’t grow loans as quickly when deposit rates are rising,” says Mark […]
How Credit Unions Can Support Employee Mental Health
John Harris in Credit Union , Healthcare , Wellness
Mental health has become a defining factor in workplace satisfaction since the pandemic—and a clear opportunity for credit unions to lead.
Community Engagement Ideas from Award-Winning Credit Unions
John Harris in Credit Union
Credit unions have a long tradition of giving back to their communities. Beyond member services, strong community involvement boosts employee engagement, reduces turnover, and improves profitability. We asked leaders from two standout credit unions — iQ Credit Union (Washington) and Leaders Credit Union (Tennessee) — how they build meaningful community connections and the benefits they […]
Make Every Credit Union Leader Happy in Budget Season
John Harris in Budget , Credit Union
How do you balance competing priorities, fund innovation, support employee retention, and still deliver exceptional member service?
4 Credit Unions Share Their Secrets to Recruiting and Retention
John Harris in Credit Union , Recruitment , Retention , Talent
77% of U.S. executives say hiring and retaining talent is their top growth priority this year.
Credit Union Recruitment and Retention Tactics That Actually Work
John Harris in Recruitment , Resignation , Retention
Four out of five financial institutions face staffing shortages, driven by wage stagnation, job dissatisfaction, pandemic effects, and demand for remote work.
7 Benefits Credit Union Employees Want in Their Next Job
John Harris in Compensation , Credit Union , Diversity , Employee Benefits
Replacing one salaried employee can cost up to twice their annual salary, hurting member service and retention.
4 Misconceptions Credit Unions Have About Self Insurance
John Harris in Credit Union , Credit Union Insurance , Employee Benefits , Healthcare , Self-funding , Self-insurance
High-quality employee benefits are essential for attracting and retaining talent in today’s competitive market. Many credit unions are exploring self-insured (self-funded) health plans as a smarter way to control rising healthcare costs without sacrificing coverage. Self-insurance is simple: Your credit union funds claims directly as they occur, avoiding insurance company profits, premium taxes, and unnecessary […]