AUSTIN, Texas — The CU Water Cooler Symposium opened at theAlamo Drafthouse Cinema, The Ritz, with 6th Story Founder MattDavis and gameFI challenging credit unions to innovate.
|Davis kicked off the fist session of the two-day eventdiscussing how Pringles was able to compete with potato chip giantPepsiCo/FritoLay through innovation by creating a can that wouldkeep chips fresh.
|So what about credit unions?
|“What a difference 100 years can make,” Davis said. “We got ourstart by people with a passion to change lives, activists, and nowwe've become bureaucrats who are interested in protecting what wehave but not the people we're trying to serve.”
|With the credit union industry at an inflection point, facingissues of relevance, he asked attendees to walk the path of rebirthrather than settling. Sharing a few truths, he noted that anindustry rebirth won't be an accounting trick and encouragedattendees to embrace frustration.
|“It's time to look for people with imagination, grit and a focuson getting back to the path of dreaming again,” hesaid. “Credit unions don't have a regulation crisis but anidentity, innovation, empathy and urgency crisis.”
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