Nov. 7, 2005


Comments

 
 
 
  • Mary: Right on! One question--in 1965 CU's membership equalled half the work force, which equalled half the US population. Today we have 87 million members, workforce of 150+ million and population of 300 million. We will be successful when we serve more than half the work force. Too much going after the low hanging fruit. Wylie Dougherty
    Anonymous
     
     
     
  • Great speech, Mary. Congress is on the movement's backs to prove that we are serving the underserved, from the smallest CU right up to Navy FCU. Given the proliferation of database marketing and importance many CUs have placed on building data, this should be any task for us to take, to show how much we lend to the underserved versus general pop versus banks, or to show our share of share accounts for the underserved versus the bank's share of deposits, etc. I just wish someone would take the leadership to compile this informationand share it with our Congressional detractors and the banking lobby and shut them up.
    Anonymous
     
     
     
  • Great Article. But the fall of the all Banks and Credit Unions will be from the ever increasing fraud trends.
    Anonymous
     
     
     
  • This article truly defines the problems facing our industry as evidenced by the recent congressional hearings. I firmly believe that the way we are going we are destined to see CRA a very real thing for credit unions as a whole; and taxation for larger credit unions. While I sincerely hope that this doesn't happen, I know that if we don't do something now to change our image we are in serious trouble.
    Anonymous
     
     
     
 
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