Episode description
In this inaugural episode of 22 Minutes in Lending, Dan Berger, President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU), provides an in-depth look into the ever-evolving landscape of the credit union industry and its partnerships.
Dan discusses the transformational journey of NAFCU, emphasizing its cultural significance and impact on the broader financial services sector. The progression from an endorsement model to a business development relationship stands as a testament to the changing paradigms of the industry.
The significance of advocacy and lobbying in today’s regulatory environment is also discussed. Dan underscores that lobbying extends beyond the confines of digital communication, and highlights the importance of genuine, personal relationships in this space.
Key Takeaways:
05:22 - The traditional endorsement model’s significance in the credit union landscape.
06:55 - The shift from endorsement strategies to more inclusive business development frameworks.
08:29 - NAFCU’s dedication to education and enabling new business opportunities.
10:13 - The role and power of thought leadership in the fintech space.
10:22 - NAFCU’s unique “extreme member service” culture and its member-first approach.
12:22 - The importance of tangible relationships in lobbying and advocacy.
Resources Mentioned:
Dan Berger - https://www.linkedin.com/in/bdanberger/
Vince Passione - https://www.linkedin.com/in/vincepassione/
NAFCU | LinkedIn - https://www.linkedin.com/company/nafcu/
NAFCU | Website - https://www.nafcu.org/
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#BusinessLoan #CreditUnion #Lending #Fintech