It’s no secret that credit unions are experiencing unprecedented challenges. And to address them most effectively, several credit unions are finding there is strength in numbers. From ever tightening margins to a more intense regulatory climate, and from keeping up with members’ demand for “anytime, anywhere” services, to finding cost-effective back-office vendors, credit unions have many critical issues on their plates. But rather than figuring out courses of action on their own, regional leaders from a group of mid-sized credit unions on the East Coast have collaborated to create what they call the “Virginia & Carolinas Roundtable.”

Together, roundtable members identify, discuss and vet the issues they face. The result has been an effective partnership for sharing resources and implementing solutions to many of today’s challenges.

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Peter Westerman


Credit Union Times

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