Musings from the CU Suite

Mar 17, 2023

I didn't see this coming; This Week's Reading Pile

Written by Anthony Demangone, Powered by NAFCU

Well, I didn’t see this week coming.

From last Friday to today, unexpected things happened in financial services and morphed quickly.

I don’t see that as abnormal. It really is quite ordinary.

From the pandemic to inflation to the Fed raising rates as they have, the world is full of surprise left turns. You can’t predict them too far out. Beware of those who say they can.

Probably the best we can hope for is this: Be flexible and willing to shift when the winds change. Because the winds will change.

Now, on to this week’s reading pile.

  • Berger outlines what CUs need to know on bank failures. (NAFCU)
  • “Small” habits can have a huge effect. (Leadership Freak)
  • Lego is extremely successful and growing. Part of that is a move into digital. Lego and digital? Yes. (WSJ)
  • Top CX Influencers. (CXNetwork)
  • Bank runs, now and then. (AWOCS)
  • A looming debt crisis. (Economics 21)
  • Rate wars: How digital banks keep pushing CDs higher. (FB)

About the Author

Anthony Demangone, Executive Vice President and COO, NAFCU

Anthony Demangone, NCCO is Executive Vice President and Chief Operating Officer at NAFCU, where he oversees day-to-day operations and manages the association's education, marketing, membership, human resources, building facilities, finance and information technology functions. He also authors NAFCU's executive blog, Musings from the CU Suite and co-authored "Managing and Leading Well," a book for credit union leaders, with NAFCU President and CEO Dan Berger.

Read full bio