Winning through collaboration
At NAFCU, we have the honor of representing the interests of all federally insured credit unions. Their legislative and regulatory issues are our issues, and we daily knock on the doors of Congress and regulators in our effort to bring about the kind of change necessary to help these financial institutions thrive.
One of the best ways to instill this kind of change, I have found, is to collaborate.
An Inc.com article by Natalie Nixon, director of the Strategic Design MBA at Philadelphia University, lists five reasons why collaboration is essential in todayÃ¢ÂÂs business environment. Her reasons are valid whether you are working alongside others within your own organization or with a range of other organizations to accomplish a certain task.
Scale is one reason Nixon says collaboration is so important, and thatÃ¢ÂÂs what I want to focus on here. Quoting the old adage, Ã¢ÂÂtwo heads are better than one,Ã¢ÂÂ Nixon points out that problem-solving efforts are more effective when you combine resources, talents and experience.
Ã¢ÂÂEcosystems rule, and as in nature, our social organizations thrive where there are diverse and complementary systems that enhance the lives of other firms,Ã¢ÂÂ she writes. Ã¢ÂÂUnderstand that your firm is part of a greater whole, and that there is power in that.Ã¢ÂÂ
This is why NAFCU partners with a whole host of Preferred Partners through NAFCU Services Corp., offering credit unions a plethora of reliable and helpful resources to make their operations easier. It is also why our association reaches out to other associations to work on issues where collaboration would be beneficial to the industry as a whole.
NAFCU will coordinate and collaborate with anyone and everyone if it benefits credit unions and the credit union industry. We meet on a regular basis with many industry stakeholders including NASCUS, NACUSO, league presidents as well as other likeminded folks. Collaboration is how we will win our mission of offering the best service to our members and our industry.