Wednesday, July 01, 2015

The Price Is Right ....


Guess there are still quite a few "take-it-at-face-value" credit union leaders out there in this cold, cruel world; but the rest of us are more into the  tradition of President Ronald Reagan: "Trust and Verify!"


That's what the next phase of the CUNA/NAFCU discussion and evaluation is going to entail
                                                                
Give me that!

NAFCU has appeared to step forward boldly to claim the leadership role in trying to help guide credit unions into the future.  But NAFCU has also made some pretty broad statements about its capabilities, which to date haven't been seriously vetted by any independent third party.  But, is NAFCU really more nimble than CUNA, have higher quality compliance expertise, all at a more affordable price?


NAFCU should be given high praise for giving all credit unions "a choice" in representation at the national level, especially after CUNA and the leagues' namby-pamby, wish-wash indecisiveness?(or was it simply their traditional, institutional arrogance?) 


Let's take a quick look at the question of cost... 

Tuesday, June 30, 2015

CUNA At The Bat....

Well back to reality; time to get over all those "delusions and circumstances". 


Mighty CUNA...?

Seems some folks think the most important thing going on in the world these days is the little brouhaha developing between NAFCU and CUNA.

NAFCU clearly "loaded the bases" last week with the move to open membership and is looking for a "walk-off grand slam" following CUNA's "America's Credit Union Conference" next week in Denver.  

Odds-makers are betting heavily on NAFCU, after evaluating CUNA's "weak pitching staff" and "lack of bench strength". Some folks believe CUNA "hasn't fielded a viable line-up now for several seasons" and even the coaching has become suspect.

But in fairness "give CUNA that last inning in July" before completing your game card, that one last chance at bat in Denver. 

A miracle is still possible, but...

Monday, June 29, 2015

Finally, At Last A Meeting Of Hearts And Minds....




Well, after three days of lively, boisterous "negotiations", the long wait is finally over.  

The "deal was sealed" on Sunday, June 28th at 3:00 p.m. in a remote, quaint auberge in the scenic woods outside Montreal.  


As usual, after an extended courtship; it ultimately came down to a "put up or shut up", "fish or cut bait" moment of decision. One can never clearly predict how the future will play out on these major decisions, these "moments of truth"; but there are times when you just have to step up... when you just "gotta busta move"! 



Yep, sometimes you just have to choose in life!

And this weekend, the best choice was made...

Sunday, June 28, 2015

Ottawa Ought-a-go....



Just a short drive from Montreal, up the Ottawa River, is Canada's capital. Ottawa, much like Washington, D.C.  has that "seat of government" feel, in sharp contrast to the old world, cosmopolitan flair of Montreal. The old vs. the new!



Ottawa is a place where "the sausage of compromise" - the contest between opposing forces and views  - gets made by the Canucks! The place where tough choices are discussed and real decisions are made! 


Open, transparent dialogue, between the people - democracy at its best.

Credit Unions have had two strong, prominent trade associations in the past - not so in the future.  

Just one trade? Yep, and would bet heavily that the survivor will be the one which acts [and NAFCU already has] most boldly at the expense of the one which...

Saturday, June 27, 2015

Across The River And Into Le Bois...



Easy flight, great weather!



LOTS OF THINGS TO DO IN MONTREAL!!!



Lots of "new avenues" to explore!


LOTS OF CHOICES !

 

[But really, this could all just be a coincidence... ]


Friday, June 26, 2015

Crossing The Line...????





DEPART RALEIGH/DURHAM:
 AMERICAN AIRLINES 8:55 a.m.

ARRIVE MONTREAL:  AMERICAN AIRLINES  3:30 p.m.

[ Hey, it could just be coincidental...!!!]

New Choices For Credit Unions...??


EITHER...


"You choose!"

NAFCU:  "CHANGE MUST BE BUSINESS AS USUAL."



Or...

Thursday, June 25, 2015

Decision-making... Making A Choice!


The Bull Moose

"In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing."

-Theodore Roosevelt

Therefore...

Wednesday, June 24, 2015

On Giving Credit Unions A Choice...




CUNA's RESPONSE TO CREDIT UNION CHOICE:

"This is difficult for us and may take up to three years..."


---------------------------------------------------------------------------------------------------------------------------------------------------



NAFCU's RESPONSE TO CREDIT UNION CHOICE:



"NAFCU announces membership open to federally insured, state-chartered credit unions."
One shrewd fox!

"The NAFCU Board made this unanimous decision because our industry is rapidly evolving; and in a changing marketplace, credit unions are seeking more from their advocacy organizations.  We heard that message and are ready to rise to the challenge."

Looks like...

Tuesday, June 23, 2015

HR 2769: The Credit Union Risk-Based Capital Study Act Of 2015..



WHAT'S THE DIFFERENCE IN OPINION BETWEEN THE TWO CREDIT UNION TRADE ASSOCIATIONS ON HR 2769?



NAFCU's OPINION:

HR 2769 "... is a vital and important step for
Clear, definitive, forthright.
credit unions in the industry's efforts to stop the NCUA's ill-advised and unneeded risk-based capital regime."

"... serves as a meaningful and timely step in ensuring that credit unions will be able to continue to lend and grow to the best of their ability."

CUNA's OPINION: