"When I think of community outreach, I think of philanthropy … for-profit terminology," John Korber, SVP, strategy and innovation for the $526 million, Rocky Hill, Conn.-based Nutmeg State Financial Credit Union, explained. "Outreach means I have enough money to give away a few turkeys!"

Edward Filene, father of the American credit union movement, pioneered a vision of cooperative community financial services, which promoted equity and sustainability for the engaged workers of early 20th Century America. From the very beginning, credit unions sought to advance the well-being of members and communities they served. Today, our industry faces the challenge and the historical call to innovate and rejuvenate sustainable, relevant, revenue-generating community connection in a challenging financial climate approaching levels of uncertainty rivaled only by (and proving daily to be more precarious than) events like the Great Recession and Great Depression – which, for many professionals today, are primarily ancient events in history books.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.