Credit Unions, are your 2025 Goals Still Attainable?

Shifting Strategies: Why Credit Unions Must Adapt to 2025’s Uncertainties As we enter 2025, credit unions are grappling with significant economic and regulatory uncertainties. Layoffs are impacting membership growth, fluctuating interest rates are creating financial instability, and the Consumer Financial Protection Bureau (Consumer Financial Protection Bureau (CFPB)) is tightening its oversight. The strategic plans that…

Why DIY Projects at Credit Unions Are Risky and PMO Is the Way to Go

For many small and mid-sized credit unions, the temptation to manage complex projects in-house—or DIY—can be strong. Cost concerns, limited resources, and a desire to maintain control often drive this decision. However, the risks associated with DIY projects often outweigh the perceived savings. Establishing a Project Management Office (PMO) or leveraging external project management expertise…

Revamping Collections at Money One FCU

Strategic Consulting Leads to Major Gains in Efficiency and Cost Savings BACKGROUND: Money One Federal Credit Union, headquartered in Largo, Maryland, is a trusted financial institution serving a diverse community of over 12,000 members. With assets totaling approximately $163 million, Money One has a strong presence in Maryland, offering a range of financial products and…