Ever since they first emerged on the North American scene, credit unions have played an important local role in shaping how people save and invest their money. But over the past twenty years, as the banking industry has seen consolidation after consolidation and a handful of powerful national financial institutions have come to dominate banking in the United States, credit unions have become the service of choice for consumers who want their financial institutions to offer local decision-making and investment into their community. Even as this has given credit unions greater significance and power, it has also left them a new…
Credit Unions Face Unique Governance Challenges: Here’s How Technology Is Helping
