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Credit unions have individually made progress in making their ranks more diverse and inclusive, but their efforts are starting to bump up against the political discourse over "woke" corporate cultures.
The collapse of the Sam Bankman-Fried's controversial crypto exchange changed consumers' view of digital assets. Credit unions, in turn, pivoted to focus on lower-risk services.
Like banks, credit unions seek growth in deposits, loans and other products. The starting point for many is to get more members in the door, executives say.
AlumniFi, built by Michigan State University Federal Credit Union and Nymbus, has partnered with fintechs to help its college-grad users improve their finances and pay down debt.
Employees at LMCU's Bonita Beach Road location in Florida announced their intent to organize to address claims of being overworked.