Oct. 27, 2008


Comments

 
 
 
  • Get over your religious hang-ups and hear the truth of the message ... that is what is important... Capital is not king - the members are!
    unknown
     
     
     
  • It's getting a little religious around here with stories like "7 Deadly Sins" and parables from Hebrews... Please revert back to an agnostic editorial perspective.
    Anonymous
     
     
     
  • AMEN! Every point is right on target. This is how we will differentiate ourselves from ANYONE in the FI business.
    Anonymous
     
     
     
  • Chip, I know how tempting it is to stop building branches, to stop making capital investments like new technology and to cut back on marketing when net income is too low or even negative. You are right that we must invest when there are opportunties and positive returns for those investments. The next year, 2009, will test all of us. We are investing over $1 million in new capital projects even though net income will only be about $3 million. I think the next three years will be a window of opportuntity. The big banks are all encumbered with big problems, big acqusitions and big losses. Once they get caught up they will go after the retail banking business. They have learned one thing from this crisis. They have learned that the best business is the retail business. That puts every credit union in the cross hairs. The next Bible parable will be the fatted calf and we are it if we don't do something in the next three years to build our franchise.
    Henry Wirz
     
     
     
  • I liked the story. I believe that the Bible has many management lessons for us to learn from and use in our daily life. Management makes the same mistakes today that they did thousands of years ago. Lets learn from the past. However, I disagree with your premise that we continue doing business in the regular manner when we lose money. A negative ROA is deadly. When a CU has a negative or low ROA it needs to fix the problem. Fixing a problem doesn't mean you are not serving the member. But, when you have a negative ROA you need to Fix It, Fix It, Fix It.
    Wayne Langei
     
     
     
  • Love the analogy-it caught MY attention, made me read further and pass on to others! As usual, Chip eloquently puts things into perspective.
    Anonymous
     
     
     
  • What a great article. It just makes sense...focus on the member. Duh. P.S. I'm very unreligious, yet don't feel threatened in the least about a refererence to a story most have heard at one time or another. Well done.
    DTaylor
     
     
     
  • Preach on. Content was spot on, and folks who are irritated by Biblical metaphor probably need to hear more of them, not less.
    Bob Gilbert
     
     
     
  • Chip, your religious metaphors are really over the top. Your message is fundamentally sound but you are losing your audience by fixating on this delivery style.
    Anonymous
     
     
     
  • Well said and about time it was said! We made capitol King and growth Queen, immediately following HR1151. Only history will determine how successful we will be after we sold our souls . Now let's talk about who we are. We have allowed others to define a cu for too long. When do we step to the plate and make that announcement?
    Anonymous
     
     
     
  • The article, is timely, concise and says what needs to be said. Now all we need do is get the examiners to agree.
    Anonymous
     
     
     
  • Thank you for these expressions! I often feel like a sap at work for reminding our team why we are here...to serve the member! Now is our time to shine among our competitors and show our members what we really stand for but we can only do this if we stop hoarding and use wisely what we have.
    dmoore
     
     
     
  • Article is spot on and not religious (loosen up people!). The metaphor was a good one that many will understand which is exactly why it is relevant to use here. Drives the central point home very effectively. Bravo.
    Anonymous
     
     
     
  • The article makes you think. Lately we have all been focused on dealing with the "crisis" hence we go into crisis mode. Step back and take a look at the big picture. That I know of the sun still came up this morning. And we still live in the greatest nation on earth. Good Job.
    Anonymous
     
     
     
  • The article makes you think. Lately we have all been focused on dealing with the "crisis" hence we go into crisis mode. Step back and take a look at the big picture. That I know of the sun still came up this morning. And we still live in the greatest nation on earth. Good Job.
    Anonymous
     
     
     
  • I agree with #13. The message good, but the metaphor was too intricately detailed for those who don't relate to the Old Testament. The point could have been made as forcefully, and with equal appeal to all audiences, without using Christian metaphors. It feels like the author sought out ways to introduce these themes more than the themes really lent themselves to the topic.
    Anonymous
     
     
     
 
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