Admit it. You’re kinda lucky. Your credit union has no competition.
At first, it just seems like some incredible, edge-of-the-seat crime thriller you might find on Netflix—the CEO of a relatively tiny, obscure financial institution is living on the edge with a secret, invisible life that includes private jets, a gambling habit, luxury cars and more.
When CUNA’s GAC is in town, the only thing you’re more likely to trip over in Washington than a congressman sucking up to a CU audience is a CU audience being told how important it is to tell the “credit union story.”
There was a time when for America’s credit unions thought they had really become the “bee’s knees” when they first began meeting in Washington for reasons other than taking a train to Union Station to get federal legislation passed or a new federal regulator organized.
James Brown won’t be at CUNA’s GAC this week (at least not the James Brown), which is too bad, since he wrote the anthem for this year’s meeting: “I Feel Good.”
A barrier to mergers that often isn’t discussed. A merger feature that often isn’t practiced. What power drills can teach us.
According to the CUToday.info 2018 Member Giveback Tracker, credit unions have announced special bonuses, loan rebates and other payouts to the tune of about $180 million so far.
Was it right—or was it wrong? Were you paying attention?
It’s said we’re supposed to ring out the old as we ring in the new with each calendar change, but let’s face it–it’s never been an equal proposition and the attention is always to the latter. So…