FinTech Magazine August 2023 | Page 117

Use more image captions as often as possible
Preparing the leaders of tomorrow , CUA management engages in mock interviews at local schools to help guide students on their paths to success fed in a snowstorm , and they ’ re fed when it ’ s 100 degrees . They ’ re fed whether or not you feel good , whether you ’ re sick . And so I think the work ethic I developed that influenced me the most in this world came from that .
“ Every day you get up , every day you work , and every day you have a job to finish before you ’ re done .” This ethic has helped Germann consistently achieve , because in lending – much like farming – “ you ’ re only as good as your last month .”
Sustaining a legacy , then growing it A consistent drive for growth is important when both maintaining and expanding a credit union that has been an ever-constant in Kansas since its inception in 1935 . Created by a science teacher in a janitor ’ s closet at a local high school , with an initial 20-25 members putting in US $ 5 each for loans ( or so the story goes ), Credit Union of America has become one of Kansas ’ largest , with US $ 1.5bn in total assets .
While aiming to stick to its roots as a credit union for teachers , Germann notes today the mission is to be “ everybody ’ s credit union .” For Germann , the key to expanding the reach of Credit Union of America is using technology .
He adds : “ We never want to forget where we came from even with our growth . But we are a large credit union in Kansas and there ’ s no reason to be held by the state borders . We want to grow and become one of the largest credit unions in the Midwest . The fear is when you use technology to grow you forget who you are , and we never want to forget who we are .” fintechmagazine . com 117