Monday, 1 April 2019

Community Lenders Creating Community Spaces - Credit Unions are Opening Coworking Spaces

CreditUnions.com's article 3 Ways to Connect Through Coworking Spaces provides an excellent example of how coworking is spreading across industry verticals and niche markets.

The article highlights 3 credit unions that have opened coworking spaces. Key article quote on these spaces:

Three credit unions are building their own shared space models that reflect each institution’s strategic approach to serving their field of membership while branding themselves as not only community lenders but also community leaders.

CommunityAmerica Credit Union($2.7B, Lenexa, KS) has rented a chunk of the WeWork shared office building in a hip section of downtown Kansas City, MO, to use as work space for its own employees and for community lunch-and-learn and happy hour-style events. The picture below shows a lunch-and-learn session at the space.

Digital Federal Credit Union($8.5B, Marlborough, MA) has created the DCU FinTech Innovation Center, which it describes as a “non-profit, mission-focused fintech accelerator” in downtown Boston. 

Vermont State Employees Credit Union($778.2M, Montpelier, VT) has filled extra space in a new branch in rural Bennington, VT, with local entrepreneurs and other tinkerers and thinkers who now occupy a shared space dubbed the Lightning Jar. 

Credit union coworking

Credit unions have always been about community.

Most started as small, local savings and loan co-ops. And they continue to be member owned non-profits

So it's no surprise the industry is starting to extend their community efforts by embracing coworking.

This is also yet another example of the growing number of differentiated and niche coworking spaces



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