Feb. 28, 2005


Comments

 
 
 
  • i appreciate your trying to remain true to the credit union business model. historically, triumvirates coalesce into unified structures. even if you operate as three strategic business units, people will want someone 'in charge', and that will lead to another top layer of management. what can you do as partners or joint ventures without merging?
    Anonymous
     
     
     
  • The writer's thoughtful presentation of facts and arguments was convincing. However, some CU members may oppose CU mergers based on the fear that the bona fide long term plan is for the newly-merged CU, with its richer asset base, to then proceed to a management-coordinated CU-to-bank conversion. Recent publicity about member opposition to CU-to-bank conversions may reinforce members' resistance to CU mergers with other CUs.
    Anonymous
     
     
     
  • Using this rationale, we should merge every CU in the country into one large CU. It would certainly "benefit" the members. They could walk into any CU and do their business. PATELCO has been a maverick for years and I do not hold them up as the model for anything. From their near disaster with indirect lending to their fight over share insurance, they have success in spite of themselves.
    Anonymous
     
     
     
 
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