For credit unions to become successful and maintain their success, they should continually outreach to the entire field of membership to first mobilise and then galvanise it to undertake actions for the good of the entire community.
Credit unions should not have a sense of entitlement to the savings and loans business of their membership fields; like all other authorised deposit takers and regulated lenders, they should go out into the market and compete for a place in it. They have additional weapons that no other “firms” in the financial services industry and the broader economy have. Active dynamic credit unions outreach into entire communities, mobilising them into taking actions for the common good - a unique credit union difference and often ignored. Inspiring and innovative ideas have been entered by credit unions over the past few years.
Click on these headings to see the criteria and suggestions for evidence for each Award category
12. The Minerva Award
13. The Millenial Award
14. The Ecumenical Award
15. "17 Sustainable Development Goals"
16. "Credit Union Advocacy with local/national politicians"
17. "Community Outreach and Mobilisation"
18. "Fundraising for Good Causes"
19. "Use of the Media"
12. The Minerva Award - Excellence shown by a credit union undertaking actions and activities to empower women and girls
No amount of statements, legislation, regulation, rules, policies and procedures can themselves alter deeply entrenched attitudes, speech, customs and practice. Credit unions with their inherent values of equality for all owner-members within the Common Bond can be major change agents through positive action.
As an employer and with volunteers as well as a community social enterprise, what does the credit union do to try to change attitudes (education) and conduct activities to meet the needs of girls and women? Examples of these activities can be within the credit union as an employer, engagement with its owner-membership based on say, but not exclusively, products and services meeting these specific needs and through/with partner organisations, businesses, places of education.
13. The Millenial Award - Excellence shown by a credit union addressing the specific needs of owner-members, savers and potential ones aged from 18 to 30, generically known as Millenials
This age range is the first to know only constant electronic communication in their study, work and socially. Credit unions cannot expect to attract and retain the loyalty of the younger generations other than it ascertains first and then provides them with the ever changing range of products and services they require. If credit unions don't, our competitors in the financial services industry will and do! Credit unions must plan for succession. It's only through providing relevant services first and along the transaction trail that the credit union societal values of mutual ownership, engagement in democratic control and co-operative leadership can be imparted, so, but not exclusively, the Judges would be looking for proofs of activities undertaken, setbacks overcome and outcomes produced, such as ....
14. The Ecumenical Award - Excellence demonstrating active outreach to all faith groups, accommodating, where possible the specific requirements of different belief systems
Undertaking actions and activities to provide access to savings, loans and connected products for all of those within the Common Bond, who otherwise, through following a particular faith, could be prevented from doing so; however each product or service provided must comply with the existing laws and regulations of the land of residence..
Great Britain and Ireland have been open societies for historic reasons but sadly polarisation of peoples from each other is a two way activity - what is your credit union doing to overcome this? Examples can be in employment practices, the provision of products and services to meet the needs of distinct ethnic groups but comply with the laws/regulations of the land of residence. Other examples can be outreach to the centres of influence within the different faith groups and through the credit union's various media outlets, issuing greetings, salutations and condolences at the appropriate times.
Creating a holistic community is not only social best practice, but can make good business sense.
15. The "17 Sustainable Development Goals" (SDGs)
These are part of the 2015 United Nations General Assembly Resolution 70/1
"Transforming our world: The 2030 Agenda for Sustainable Development" shortened to "2030 Agenda"
The sharp end active delivery agents for these goals should be multi-purpose co-operative credit unions, credit unionists and particularly Development Educators. Delivering every one of the 17 goals is commonsense and is for the common good of all humans and the future of the planet. The activities required to produce the desired outcomes are those that credit unions, because of their nature, purpose and value sets, are leading on in both the developed world (say Australia) and developing world; it's also both socially and financially profitable for all the shareholders. Evidence for the Judging Panel can include, but not exclusively:-
16. Excellence shown in engaging in direct credit union advocacy with local/national politicians
With credit unions having the owner-membership numbers that can affect the result of elections at all levels, they can put a credit union list of "wants" to politicians at all levels, regardless of their political affiliation
17. Excellence shown in performance by a credit union engaging in community outreach and mobilisation, including dispensing credit union education and general financial information to the entire “Common Bond”.
Outreach - With the growth of geographically large Common Bonds, with sometimes populations of millions, how does the credit union outreach to all the communities and organisations within its Common Bond? This can include, but these are not exclusive suggestions ...
Education - ignorance of financial matters is a cause of intergenerational poverty and business failures, so ...
18. Excellence shown in performance by a credit union engaging in fundraising for good causes (other than the credit union)
19. Excellence shown in performance by a credit union in use of the media
The following Award is open only to selected entrants, the winning of this does not count towards the Supreme Award (click for information on this)
“Edward Filene Credit Union Award for Performance Excellence by the winner of a category making a film about their entry and Credit Union”
This Award will be open to credit unions winning one or more categories, at which point (in utmost confidence) they will be requested to make this film which should cover specifically the activities described in their winning entries.
Only after the Judging Panel has made their decisions will the invitations go out to make this film. The film editor, who compiles these films into an edited loop, acts as the Judge for this Award. No prior notice will be given of success in this Award category.
Good luck with your entries! Any questions - don't hesitate to contact the Awards Office - see the "Helpline" including the 10 Top Tips to write a winning entry, FAQS and the judging process