March 2, 2009


  • Mr. Filson’s conclusions are 180 degrees from reality. Perhaps his intangible emotional legacy is running away with his business sense. The corporate problem needs a solution based upon solid thinking and business purpose. Any corporate that can demonstrate added value at a reasonable cost has a future. Retail level credit unions stake their reputations and fortunes on helping their members, not the movement. The movement is a pandering tactic masquerading as a motivational speech supporting a costly infrastructure. A credit union will have a future only if it places its members’ interests first and does not allow the empire builders to suck dry their resources. Any credit union that acts to serve the uber-needs of the movement to the detriment of its membership opens itself up to lawsuits and dissident assaults.
    Marvin Umholtz