Advertise on podcast: Talking Credit Unions from Swoboda Research Centre

Send us a text Purpose without delivery doesn’t move the needle. This podcast explores some of the key themes emerging from the Swoboda Research Centre - Autumn Conference in Liverpool. The podcast includes the recording of a conference session featuring Vicky Zuiderent, Jen Lothian and Joss Tasker, who unpacked how credit unions can innovate with confidence, cut through change fatigue, and build products members actually want.  Jen shares a field-tested approach to risk that turns fear into decisions: break it into impact and probability, separate good risks from bad ones, and run reversible tests in sandboxes before scaling.  Joss takes us inside a mission-led start-up mindset, where product–market fit is a moving target and distribution matters as much as features. Together, they show how leadership sets the tone—give teams air cover, define exactly what success looks like with the “red wine test,” and cut the project list so people have time and energy to deliver. We also explore when AI helps and when it harms, and how credit unions can trial modern tech stacks, APIs, and sandboxes, coordinating with peers and vendors. Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Swoboda Research Centre's recent paper on credit unions VS community banks explores whether the ads and marketing slogans make banks and credit unions indistinguishable from each other. We sit down with marketing strategist Daniella Russo from MP&Co Marketing Strategists to unpack the everyday language problem: how do you cut through misconceptions and make the benefits obvious? Daniela shares where values help and where they get in the way, why digital design equals brand trust, and how an audit-first approach avoids costly missteps.  Then, we go inside a full rebrand with Kathryn Fogg, whose team transformed Pennine Community Credit Union into Northern Community Bank. Kathryn explains why they changed “members” to “account holders,” replaced jargon like “shares” and “common bond,” and introduced interest-based savings to improve clarity. The payoff: more enquiries, bigger deposits, and people who finally understand what they do. From Ireland, Helen Carbery, the CEO of CUDA, outlines a different path: a widely trusted brand that embraces standardised mortgages and shared infrastructure to expand services without abandoning the credit union name.  And researcher Dr Paul Jones brings the long view—credit unions as part of the co-operative banking family—arguing that labels matter less than delivering competitive products through robust, digital-first experiences. Along the way, we explore collaboration as the real force multiplier, from mortgage CUSOs to shared platforms that make current accounts, payments, and lending feel seamless. Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text The credit union landscape is transforming rapidly across Ireland and Britain.  Fresh legislation has created unprecedented opportunities for innovation – yet significant hurdles remain. How can credit unions balance digital transformation with their co-operative ethos? What strategies will attract younger members while serving existing ones? These questions took centre stage at the recent Swoboda Research Conference in Dublin, where experts shared insights and solutions. American credit union strategist George Hofheimer cut through the noise with straightforward advice: focus on "the boring stuff" – prioritising lending, optimising capital, aggressive expense management, and favourable pricing. This back-to-basics approach must underpin any future vision. Former EU Commissioner Mairead McGuinness cautioned against uncritical digitalisation, highlighting cybersecurity as a "hair's breadth away" from creating serious problems while emphasising that younger generations may not inherently understand the credit union difference. The challenge of attracting younger members emerged as particularly urgent. Cédric Turini from the French co-operative banking network shared their multi-faceted approach: family-focused products, dedicated mobile apps, student loans without personal guarantees, and meeting youth on social platforms with accessible financial content.  As credit unions are considering how to engage with AI, Mark Kelly from AI Ireland shared his top tips for the sector. Looking ahead, two major strategic initiatives promise to shape the sector's future. A government-led project in Ireland will examine development paths with input from trade associations, while Swoboda's "United Vision Project" aims to map British credit union evolution through 2035. With collaboration universally acknowledged as essential, the challenge now lies in implementation – through credit union service organisations, potential corporate credit unions, and joint initiatives that can deliver services beyond what individual institutions can provide. As Dr. Paul Jones noted, credit unions aren't merely seeking research for academic purposes – they're looking for "a catalyst for transformation and change." He thinks the opportunity is immense, particularly given the millions who remain financially vulnerable.  Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Artificial intelligence (AI) is rapidly transforming financial services, with 75% of firms in Great Britain and 54% in Ireland already adopting the technology. For credit unions, this presents both opportunities and challenges as they seek to harness AI while staying true to their co-operative values and member-centric mission. In this podcast episode, Anca explores the role of AI in the credit union sector with four expert guests. David Fagleman, Co-founder and Director of Enryo Consulting, shares insights from his recent Swoboda Research Centre paper on AI. With a background in banking policy and innovation, David emphasises the need for inclusive and fair access to financial services as the sector evolves. He argues that credit unions can take the lead on this due to their member-centric approach. Joining from Ireland, Micheál O'Shea and Ciara Prendeville of Metamo discuss their work supporting 16 of Ireland’s largest credit unions. Micheál explains how Metamo's "sprinkling of AI" approach augments rather than replaces human processes. Ciara, Metamo’s Deputy CEO, brings nearly two decades of leadership experience and focuses on strategic innovation and member value across product and service development. She explores some of the challenges faced when implementing AI solutions, offering advice on how to address these. The episode also features Patrick Heaphy, CEO of Youghal Credit Union in Ireland, which serves over 17,000 members. Since taking on the CEO role in 2020, Patrick has overseen major growth and digital transformation, including launching mortgages and current accounts. With a background in accounting and risk management, he also serves on the board of the Swoboda Research Centre. For further insights, listeners can read the Swoboda Research Centre's recent paper on AI. Swoboda members can also take part in an AI webinar in May.  Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Collaboration and mergers within the credit union sector may become more prevalent in future as credit unions in Ireland and Great Britain are navigating the challenges of maintaining their local identity while achieving economies of scale. This podcast, with expert commentary from Nick Money of the Swoboda Research Centre and Paul Norgrove, CEO of Serve and Protect Credit Union and Ronaldo Hardy from the USA association NACUSO, tackles the strategic decisions credit unions are facing as growth and efficiencies become needed. The guests share their perspectives on the importance of understanding member needs, the emotional and operational hurdles of mergers, and how Credit Union Service Organisations (CUSOs) offer a promising path for growth. Explore how tailored services can create win-win scenarios and why maintaining a focus on members is crucial in an ever-changing financial landscape. This episode also sheds light on the emotional challenges faced by credit union boards and the critical balance of power in working with CUSOs, ensuring that you come away with an better understanding of the world of credit union collaboration. Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Can credit unions truly be the gold standard of ethical finance? Join our enlightening exchange with ethics-man Barry Clavin, as we scrutinize whether these institutions are walking the talk of their cooperative principles. We traverse the complex terrain of credit union ethics, addressing their genuine commitment to these values, and the potential benefits of adopting a unified ethical identity. Are there any lessons to be learnt from landmark policy of the Cooperative Bank. Barry sheds light on the strategic advantages such alignment could offer, setting credit unions apart in a financial industry often marred by scepticism. Step into the world of credit unions, where Louise  Shields, at Claddagh Credit Union, describes the emotional bonds woven with members and community-centric values. She paints a vivid contrast to traditional banking models. We explore the manifestation of Hey Credit Unions ethical values through the experienced lens of John Smith, and how it reflects a dedication to a wide array of stakeholders. Mick McAteer's insights on economic and social justice underscore the importance of authentically presenting ethical standards to attract a diverse member base.  Rob Harrison explains how the Ethical Consumer Association sees credit unions and emphasises the need to ensure the business is effective and efficient (to its customers or members) as well as considering an ethical dimension.  Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Listen to a conversation with George Hofheimer, the advisor and author of "Banking on the Human Scale." As we navigate the challenges that credit unions face in the digital era, George illuminates the path ahead, offering strategic insight into blending technological investments with the human service that defines credit unions. The traditional face-to-face service is not lost, but rather enhanced as George makes a compelling case for a harmonious merge of the old and the new. This conversation is an essential precursor to the upcoming Manchester Swoboda Credit Union Conference, in November, that aims to unravel the challenge of credit unions and their digital appetite. At the Swoboda Credit Union Conference, George Hofheimer shares his wisdom, this time focusing on simplifying operations in the digital era.  George expounds on how credit unions can prioritise investments and redefine senior recruitment in the digital age. The digital transformation, laden with complexities, becomes less daunting as George guides us through. George gives us a taste on this digital landscape while retaining that unique human touch. Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Several responses to this question by credit union leaders: *Rate tart is a term used in banking to describe someone who transfers balances repeatedly, chasing the best possible interest rates on savings. David McAuley, CEO, Donore CU, Ireland " Are our members 'rate tarts'* and leave the credit union, if we pay insufficient dividend? Our members in the main are not big savers.  So, while there will be one or two members disgruntled with no dividend and they do tend to be in the “older” category and not borrowing. For the last few years due to the prevailing low interest (or zero rate interest situation), there has been no clamour for dividends.  Also, the CBI has “encouraged” CUs not to give dividends.  This year some CUs have distributed but they have needed to justify that decision". Karen Farrow, Chief Officer, Just CU, England "Historically, we have always paid a min 2% dividend and used to be very proud of this. We were also worried that if we didn't pay it that members would leave and take their shares with them. However about 3 years ago, we changed this and since then have paid nil/low or capped dividend - we have seen virtually no detriment to the share balance".  John Smith, Governance Officer, HEYCU, England  "Are our members 'rate tarts'* and leave the credit union, if we pay insufficient dividend?  In our experience here at HEY Credit Union, that doesn't appear to be the case at all.  It would seem that very few of our members are saving with us because of the return, and more likely that other factors are the prime motivators, such as trust and safety (just want somewhere they trust to look after their money), ability to access funds without fuss, our customer care standards (they feel we look after them), habit, desire to support a local community enterprise, co-operative values, and perhaps lack of awareness of alternatives". Christine Moore, CEO, Manchester CU, England "No, I don’t think many of our members are ‘rate tarts’, in fact I think the contrary is true. Some people who joined specifically for the Gold Saver a few years ago did take their money out when it closed (less than half). A focus group of savers we spoke to in 2018 overwhelmingly agreed they were not interested in the rate but glad their money was being used for good and to help other people (very heart-warming to hear!)". Michael Byrne, CEO, Core Credit Union, Ireland  Are our members 'rate tarts' and leave the credit union, if we pay insufficient dividend? The vast majority of members are not. Reality is most members have modest savings which wouldn’t attract much interest no matter where they are held. A small number (but do hold proportionally more of the savings) would be rate sensitive and will be looking for a return. I would estimate that less than 5%of savings would be at risk of moving for better rates. Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text Paul Jones and Nick Money update us on the wide list of projects, papers and conferences coming up in the next 12 months at the Swoboda Research Centre. Hear about: New credit union lending projectsSustainable credit unionsUpdates on the Governance ManualNew faces at SwobodaJonathon Moore's views on credit unionsTalking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text This podcast captures the views of some financial services industry commentators on the merits and drawbacks of ESAS (Employee Salary Advance Schemes). Guests on this podcast are: Matt Bland, CEO Co-op Credit Union, UKEmily Trant, head of Impact & Inclusion, WagestreamLindsay Melvin, CEO FlexiwageErik Porter, Wellbeing expertHow a Employee Salary Advance Scheme works: Specialist scheme operators, which are usually unregulated businesses, often provide the product as part of a 'wellbeing package' to help employees with financial management. Some offer employees an app based platform which sits between the employer’s payroll operations and the employee’s bank account. The employee can then a draw down usually up to half of their accrued or earned wages before their next pay day. The scheme operators usually charge the employee a fee for each drawdown. The employer will then pay the balance of the salary (i.e. net of the advanced payments and the fees for the service) on the next payday. Employees can make multiple drawdowns during each pay cycle and can repeat this again in subsequent periods. For many employees who do not have major debt problems, an ESAS (Employee Salary Advance Scheme) may be helpful where for a variety of reasons they need to quickly access some of their salary early.  However, for employees with limited options, there are potential risks. Set out below are ways in which employers and scheme operators could mitigate some of these risks.    Scheme operators could highlight, on the employee section of their websites or where they provide an app, that where the employee has underlying financial problems that a salary advance may not in itself be sufficient to resolve such issues and suggest that they seek financial help from a debt advice charity.Employers, when introducing their staff to such schemes, could similarly highlight the limitations of a salary advance and suggest that if the employee needs debt help or access to more holistic financial advice, they could signpost them to the Money Advice Service website. They could also provide contact details of debt charities, such as Citizens Advice and Stepchange.Bringing the above to the attention of employees may be particularly important where the employer and scheme operator become aware that individual employees are drawing down salary under the scheme on a frequent basis. Employees could be provided with periodic notifications where there is an accumulation of transaction charges.Similarly, scheme providers could develop systems that monitors the pattern of usage of individual employees. Where there is a pattern of repeat use which may be a sign of financial difficulties, then this could trigger alerts that might provide guidance and signpost the employee to organisations that provide free debt advice.The FSA says: The risks for employees and employers are: While the product has benefits, it is important that employees and employers are aware that there may be some risks in using these schemes. Lack of credit regulation. The regulatory and statutory rights and protections, from which borrowers under consumer credit agreements benefit, do not apply, as ESAS usually operate outside of credit regulation. For example, ESAS providers have no obligation to check affordability. Therefore, employees will need to satisfy themselves that they will have enough money on payday to pay other expenses they may incur at that time (for example their mortgTalking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text The past two years has been the ultimate stress test for the financial, operational, competitive, and cultural resiliency of credit unions. Leaders have greater depth of insight into the risks facing their credit union and can now better plan for and address those risks, allowing the organisation to focus primarily on longer-term opportunities. Some credit unions are only now emerging from the lockdown to seek new members in a tremendously competitive and digital world. The economic challenges of the past two years have amplified the essential role credit unions can play in the lives of their members and communities. This environment presents the opportunity for credit unions to re-think not only their operating norms but also how to position the organisation to make an even greater impact on employees, members, and communities. Listen to the views of: Dave McAuley, CEO Donore Credit Union, Dublin, Ireland donorecu.ieDermott O'Neill, CEO Scottish League of Credit Unions  scottishcu.orgRobert Kelly, CEO Association of British Credit Unions Ltd.  abcul.coopAnthony Morrow, Founder of OpenMoney  open-money.co.ukSend your feedback to Chris Smith at [email protected]  Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text This summer saw the publication 'Gambling, Vulnerability and FCA Compliance'  (How financial services firms can achieve the best outcomes for vulnerable customers who gamble), by Sharon Collard and Katie Cross at the Bristol University Personal Finance Research Centre.   Credit unions are seeing increased levels of gambling activity on members accounts, especially since the pandemic. Many credit unions can conduct more forensic assessment of members accounts following the uptake in use of 'open banking'. This has contributed to a rising concern that gambling is causing harm to members and their families. Should the credit unions intervene, or should they mind their own business? Listen to the excellent points of view from industry leaders on this podcast. Sharon Collard states, at a conservative estimate, at least one in ten adults in Britain (and I guess similar numbers in Ireland too) experience harmful gambling, either because of their own gambling or someone else’s. Gambling-related vulnerability can present a unique set of challenges because of its complexity, the fact is that the member may not be fully in control of their decisions or actions, and the fact is that it may not always be clear what a credit union can do to ensure the fair treatment of customers in this situation.   Do credit unions intervene, or not seems to be the conundrum? I think what we have heard, on this podcast, demonstrates that credit unions are well-placed to address the financial harms linked to gambling-related vulnerability. Some, credit unions are embarking on being quite interventionist and perhaps others less so. Perhaps credit unions can demonstrate their differences, from their competitors, by showing a more caring and concerned response to this growing problem in society. Or maybe our governments will curb the gambling companies and restrict the proliferation of their advertising; but I wouldn't bet on it. Listen to the contributors to this podcast: Sharon Collard, Bristol UniversityKaren Bennett CBE,  CEO Enterprise Credit Union, MerseysideSheenagh Young, CEO South Manchester Credit UnionAlex Hodson, Loans Officer, Metro Money Wise Credit Union, Rochdale Lorraine Moran, Loans Officer, St Anthony’s & Claddagh Credit Union, GalwayBarry Grant, Project Manager, Extern Problem Gambling Project, Dublin Gambling-vulnerability-FCA-compliance-report.pdf (bristol.ac.uk)http://www.bristol.ac.uk/media-library/sites/geography/pfrc/Gambling-vulnerability-FCA-compliance-report.pdf Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text The Save and Sound project is now looking further afield for more credit union memories. The project  wants to make sure that the efforts of people who worked to set up and run credit unions in the early days of the movement are not forgotten.  The history of British credit unions is a diverse and inspiring one and the project wants to hear from anyone who was involved with a credit union in whatever way.  Anyone with any information about early credit unions is encouraged to get in touch.  By collecting and sharing the unique personal memories of a diverse range of credit union pioneers, Save and Sound will help many more people learn about the history and heritage of British credit unions. Save and Sound was originally funded to collect 40 oral history interviews across the north of England, but now the project expands across Britain.  The project has already recruited volunteers that have been trained as oral history interviewers or to assist in the development of a new website.  For more information, please visit https://www.creditunionfoundation.org.uk/projects/save-and-sound or contact Abbie Shelton at [email protected] Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text The purpose of credit unions is obvious, isn’t it? Well, isn’t it? One of the perceptions about credit unions is that they ‘alleviate poverty’ and I guess many within the Irish & UK credit union movement will accept that perception. I suspect that banks are not perceived as alleviating poverty, by the general public or even bank workers.  So, do credit unions alleviate poverty? I spoke to three well known experienced credit union people; Paul Jones, Eileen Halligan & Des Morrisey and put this question to them. I started with Dr Paul A. Jones, Director of Research at CFCFE, who is also Reader in the Social Economy at Liverpool John Moores University, where he heads up the Research Unit for Financial Inclusion.  I then spoke with Eileen Halligan, CEO & Secretary at Central Liverpool Credit Union.  A well established credit union with over 16,000 members with three branches. Finally, I got the views of Des Morrisey, the former, CEO of Tallaght Credit Union in Ireland. A 35 year old credit union with 17, 000 members, with over EU65m in assets.  Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.

Send us a text This is podcast is where I look at another mobile 'app' being currently used by some credit unions. In this edition I talk with the enthusiastic Karen Bennett, CEO of the Merseyside based Enterprise  Credit Union, about its fairly recent take up member mobile ‘app’ CUApps.  Firstly, I spoke with the two young Scots tech entrepreneurs, Declan McGallagy and Jack Alison who founded CU Apps over eight years ago. They tell me how they specialise in premium mobile app and chatbot development, working closely with credit unions and their core banking providers to offer bespoke apps that help credit unions reduce costs and engage new and existing members through expert mobile and chat offerings. We cannot yet know whether people’s new digital communication patterns will continue once stay-at-home, distancing, and lockdown measures are lifted, and people are able to meet more easily, in person again. However, given the major impact the coronavirus pandemic has had on people’s increase in digital communication behaviours, clearly credit unions are increasingly considering how the pandemic is shaping their entire digital future. Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.