PODCAST: Faith-based credit unions
Small, volunteer-run institutions collaborate for members’ benefit.
If you want to go fast, go alone. If you want to go far, go together.
This proverb sums up the mission of faith-based credit unions and the Faith Based Credit Union Alliance. The alliance, which celebrated its 10-year anniversary in September, embraces collaboration to move its member credit unions—and their members—forward together.
This episode of the CUNA News Podcast features Drs. Joronda and Hiram Crawford, board members at $1.4 million asset Israel Methcomm Federal Credit Union in Chicago, and Robin Hollis, regional director for the Illinois Credit Union League
They discuss how faith-based credit unions differ from their mainstream counterparts, relying primarily on volunteers to serve their tight-knit memberships.
They also explain how the Faith Based Credit Union Alliance fosters collaboration among its member credit unions, what mainstream credit unions can learn from faith-based credit unions, and more.
In this episode:
1:25: Joining the movement
4:58: Credit unions bonded by faith
7:34: Unique challenges
9:34: Taking a chance on members
11:44: “A complete collaboration”
12:30: Service during the pandemic
17:31: Operational changes
19:06: “We must move forward together”
20:03: Ten years of memories
23:23: Sources of inspiration
26:11: Navigating the pandemic