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Credit unions stand out as a beacon of ethical lending and financial inclusion. 🌟 With the British credit union sector surpassing 1.5 million members, these are just some of the reasons why more people are now choosing to join credit unions. 🌱 Discover more about the sector in our latest blog post 👉 https://lnkd.in/ez6eSPdM #creditunion #ethicallending #financialinclusion

Powerful insights for Credit Unions: Focusing on #DataStrategy is key for future success for your credit union and for your members.

The demographic challenge facing US credit unions is real: their membership is aging, and younger generations tend to see relatively less value than older ones with this type of institution. I'm very excited to share this article that I helped co-author with some of my colleagues (Jeffrey Brown, Atanas Stoyanov, and a few others). We explore in our recent article “Six imperatives for credit unions to secure their future” core strategies that can help credit unions attract younger consumers. Read in detail here: https://lnkd.in/eMpACrp9 #McKinseyInsight #CreditUnions #Members #Survey

Ever wondered how credit unions operate? Curtis Lowe, Director of Supervision & Regulation, explains their unique structure and benefits in this clip. Dive deeper by watching the full video on YouTube: https://lnkd.in/eieN5-n7 #CreditUnions #FinancialEducation #FSCBarbados

Important Dates in the Credit Union Movement: June 25, 1994: WOCCU provided the first international framework for credit union legislation, aiding the development and regulation of credit unions globally. This initiative helped standardize operations and ensure the stability and reliability of credit unions around the world (World Council of Credit Unions) (Nationwide Credit Unions). #Americascreditunions #Creditunionhistory #Credituniondifference #Creditunions These events highlight the ongoing efforts to support and strengthen credit unions, ensuring they continue to provide valuable financial services to their members. Through regulatory advancements, community initiatives, and global cooperation, credit unions remain a vital part of the financial landscape, dedicated to promoting financial stability and empowering their members.

Recognizing International Credit Union Day! Today, we proudly join the global movement in celebrating International Credit Union (ICU) Day. Since 1948, this day has honored the incredible achievements of credit unions worldwide. Credit unions bring people together, prioritizing people over profit through member-owned institutions. In a time when unity is more important than ever, we celebrate how credit unions bring people together through democratic, member-owned financial institutions that prioritize people over profit. At Gallagher, we deeply value these principles as they align with our commitment to supporting clients and communities. Just like credit unions, we believe in putting people first; helping our clients protect what matters most while fostering collaboration and trust. #PeopleHelpingPeople #OneWorldThroughCooperativeFinance #GallagherCaribbean 

The demographic challenge facing US credit unions is real: their membership is aging, and younger generations tend to see relatively less value than older ones with this type of institution. We explore in our recent article “Six imperatives for credit unions to secure their future” core strategies that can help credit unions attract younger consumers. Read in detail here: https://lnkd.in/gcHPHU3z #McKinseyInsight #CreditUnions #Customers #Survey

These are the top 20 credit unions with the most assets at the end of Q4 2023. Read here to learn more about the top performers. #creditunion https://bit.ly/4bqZhR3

As embedded finance continues to be a strategy for credit unions' member growth, credit unions should keep an eye on these emerging trends: https://loom.ly/T0OcDRw Union Credit #creditunions #membergrowth #embeddedfinance

The demographic challenge facing US credit unions is real: their membership is aging, and younger generations tend to see relatively less value than older ones with this type of institution. We explore in our recent article “Six imperatives for credit unions to secure their future” core strategies that can help credit unions attract younger consumers. Read in detail here: https://lnkd.in/geri3AEG #McKinseyInsight #CreditUnions #Customers #Survey