Tuesday, September 30, 2014

Dress For Success....

Can't beat local, hometown newspapers as a source for unusual news, insights, and headlines.  Here's a recent example:


Tuesday at approximately 5 p.m., the Suntrust Bank in Creedmoor was robbed by a male dressed as a female.

"This is a schtick up..."
The suspect was described as a black male , approximately 20-30 years old,  weight 135-150 pounds, 5-8 in height, with a thin build. 

Tellers at the bank described the suspect as "wearing a long, blue-jean dress with beige, scooped-necked, sleeveless blouse, red gloves, grey bedroom slippers, and a brunette wig, paired with alligator-skin pumps and matching clutch purse. "

"Accessories included pearl pierced-ear bobs, a mid-length, braided, gold-chain necklace, balanced with multi-metal wrist bangles in white gold. Rings included a blue-star sapphire bauble and faux silver signature band.  Mauve lip gloss, with complementary blush and eye-shadow highlights, accented the distinct look."

When questioned about the robbery, one teller volunteered that:  "It happened so fast that we didn't really have time to look, think or become fearful."

 "But, I can say that we were all completely appalled by...

Monday, September 29, 2014

Credit Union Life In Wartime....

"Silly, inept, amateurish.."
Probably more than enough has been written and said about the national embarrassment sparked by the risk-based capital rule (RBC), released earlier in the year by the NCUA - under the full auspices of both the NCUA senior staff and the NCUA Board. 

It was quickly apparent to the entire financial and political community that the proposed RBC rule was an unforced error of the first magnitude.  All credit union industry "stakeholders" were made to appear silly, inept, amateurish - including you, me, and the NCUA.

The new CU normal...
For those professionals working in credit unions these days, life is a high-energy struggle - perhaps a battle of life and death - in contending with low margins, an uncertain economy, exploding regulatory/compliance requirements, Target breaches, ApplePay, Wal-Mart checking, cyber-security, and everyday critical member/staff needs.  

high-energy struggle waged at full speed, wide-open, on-the-run, with little margin for error ... silliness, ineptitude, or "amateurity". 

Wanted to be sure that the folks re-working their unforced error had a clear sense of the level of energy required to manage a modern-day CU; and to hear, keenly, the deep-seated resentment that many credit unions feel for the Agency's prior, painfully obvious blundering.

So here ya go!  Because in running a CU these days...

Sunday, September 28, 2014

Tubal Litigation....

Tooth or Consequences?
Ever noticed that in every family there are two distinct views, two separate camps on the major issue concerning proper dental hygiene?

No, it's not about the brand, or the flavor, nor the texture of the toothpaste.  And, no it's not about who flosses and who doesn't; nor whether you should brush in the morning, or before you go to sleep at night. Nope, the number one question is 
Brace yourself...
not about fluoride, nor whiteners, nor braces and cosmetic surgery.  

But rest assured that the controversy over this principal issue can lead to some "first thing in the morning" fights, frugality vs. wastefulness slurs, occasional spousal "dis-ingenuity", and some devious, surreptitious, only in-the-dark trashcan "diving".  Guessed it yet?

The number one issue in dental hygiene in most American homes is...

Saturday, September 27, 2014

A "Second Comment" On The RBC Rule...

Cannot, will not, dare not...

"He that cannot reason is a fool,
He that will not is a bigot,
He that dare not is a slave."

- a favorite aphorism
of Andrew Carnegie

Friday, September 26, 2014


High IRR !!!

 TO  ...

Thursday, September 25, 2014


"Always thrilled!"
Always thrilled, as noted in the 9/8/14 post, when offered the opportunity to read, yet another, one of those self-help, management/leadership books. The genre usually brings tears to my eyes and mutterings to my showers.  Rarely has so little been offered, so often, to so many with such little merit! (But - very, very "robust"!!!)

So, Monday's mail brought the following from a business acquaintance:

"I have some exciting news I wanted to share with you.  I have written a new book!"

"This book idea has been cooking in my head for many years and I finally decided to organize it all and publish a book.  It is about waking up every day understanding that we all have a choice to DO what matters.  It provides useful assessment tools for what to DO, what gets in the way, how to get it  DOne, and the many benefits of living a life of DO for ourselves and others."

"I am DOing this book for impact. But to have an impact, I have to get the book out there.  I hope you enjoy the message of the book and will help me share it with others."

And, of course, bet you can already guess what the title of this little gem is...

Wednesday, September 24, 2014

B-oink-ers, Bah, Bah, Bah!...

T. Jefferson
"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies [to our liberties]..."

- President Thomas Jefferson
(Letter to John Taylor, 1816)

And, Jefferson had some pretty good experience with recognizing which truths were self-evident....

Tuesday, September 23, 2014

Fair-Weather Fiends.....

M. Twain

"A banker is a person who lends you his umbrella when the sun is shining and wants it back the minute it rains."

- Mark Twain

If "b-oink-s" abandon the American consumer whenever it "looks like rain", can't imagine what  ...

Monday, September 22, 2014

Financial Literacy: From One Of the World's Greatest Writers...

L. Tolstoy
" Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal - that there is no human relation between master and slave."

                                                                          - Leo Tolstoy

Sunday, September 21, 2014

A World Class Banker On Banking...

"... without even suspecting..."
"The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests."  
 - The Rothschild brothers writing to associates in New York, 1863.

So, are credit unions really "the problem" as claimed by the American Bankers Association (ABA)?...