March 20, 2006


  • Very interesting and good reading.
  • Our Credit Union has gone from 9600 members in 2001 to 8100 today because of our corporate sponsor downsizing. Several larger Credit Unions in our area have approached us about merging. It seems like a good alternative for members and staff, but a few managers and board members do not like the idea of giving up control. We have applied for a Federal Community charter, but are on hold because the NCUA has asked for more information to prove our community. We are $42 million with 18% capital, and only about 3000 members in our county. We need a branch to grow, but are hard pressed to find the right combination of size, location, and potential for growth. Your comments and/or articles are appreciated