When it comes to advocacy, collaboration is totally necessary. When it comes to working for their members, credit unions and other financial cooperative have a significant advantage over other financial institutions. Credit unions are able to amplify their voice and have a bigger impact on the world around them if they work together and collaborate with other groups.
One way in which credit unions might work together is by forming coalitions with other types of financial cooperatives and pooling their resources. These coalitions have the potential to collaborate on issues that are shared by all credit unions, such as the reform of regulatory agencies or the protection of the tax status of credit unions.
These coalitions are able to have a greater impact on the topics that they care about because they combine their resources and their expertise.
Local cooperation is another possible form of this relationship. Credit unions have the ability to collaborate with other groups in their areas, such as non-profit organisations or small businesses, in order to advocate for causes that are important to their members.
This can include things like having access to inexpensive healthcare or housing that is reasonably priced.
Credit unions, in addition to working together with other organisations, can also work together with other institutions operating within the same industry. Credit unions have the ability to collaborate on the formulation of policy views that are mutually beneficial, as well as to exchange information regarding effective advocacy tactics and strategies.
When credit unions work together, they have the potential to establish a powerful advocacy network that can make a significant difference for the people who are a part of those credit unions. Credit unions have the ability to affect public policy and bring about positive change in their communities if they collaborate with one another and find ways to magnify their voices.
When it comes to lobbying through collaboration, credit unions have a distinct advantage over other organisations, whether it be through coalitions, partnerships, or collaboration across the whole industry.