Nov. 13, 2006


Comments

 
 
 
  • This sampling of comments indicates that communication about the conversion process is severely lacking. When members are still unclear about the motivations behind the conversion and the short and long-term implications, then how can they be expected to make an informed decision?
    Anonymous
     
     
     
  • Your article is an effort by the disciples of the status quo to give credibility to a handful of dissidents clinging to the past and/or sponsored by anti-conversion crusaders. The vast majority of members do not care about the myth of member ownership. They want good service and convenience which, for many, can more easily be provided with a new charter. This is a fact and the simple reality of marketplace economics. Your company should be more honest in acknowledging the liabilities of the credit union charter and the hopelessness of regulatory relief otherwise its usefulness will quickly diminish in the minds of progressive institutions.
    Anonymous
     
     
     
  • I agree with the comment above. Members often don't understand the credit union difference, so it stands to reason that many of them also have no idea that personal greed is the main motivating factor involved in credit union-to-bank conversions. The consumer's well-being is a non-factor once that decision has been reached by the officials.
    Anonymous