Tuesday, July 21, 2015

About Time To "T-Off"......



Guess we're going to have to get back to work on that CUNA/NAFCU analysis before too much longer.  Since the discussion has to do with the trade associations, been thinking about calling it the "Trade-Off series" - or "T-Off" for short.

Been kinda waiting around, not really doing anything [known as the "T-off position"], hoping for some sort of major "CUNA Action News" announcement coming out of the big Denver Rah-Rah, but... well, so far all I can say is "No Comment"!

Anyway, from all reports it seemed to have primarily been a "selfie" convention... self-absorbed, self-centered, self-indulgent, self-congratulatory, a trifle self-important ?!? 

Perhaps a reflection...  a "self-portrait" of the current state of affairs at CUNA and its leagues?


The default of "leadership", when confronted with a difficult, potential crisis, is not an uncommon occurrence. So, no reason to be too surprised if our trade association "leaders" choose "to duck" or "take a walk", rather than make some tough decisions - 'cause that could be "self-destructive" for them personally.

But, let's refresh our memories with two brief charts on why the future will not tolerate our credit union leadership's "self-interest" driven, diddle-daddle for too much longer...
         




SEE ANY TREND, ANY MESSAGE IN THE GRAPH?


ANY REASON YOU DON"T BELIEVE THAT MESSAGE?



... AND ARE YOU MISSING THE REAL MESSAGE HERE?


THE PACE, THE RATE (3.8%) OF CREDIT UNION MERGERS 
IS AT THE HIGHEST POINT IN 15 YEARS
... AND ACCELERATING!




Isn' it about time you tell your trade to... T-OFF?

Time to look after - [and think for] - yourself? 







8 comments:

Anonymous said...

Jim, you opened my eye (had cataract procedure on my left eye so operating with one) to the expense of CUNA and my League.

Based on the calculator link your provided (http://www.nafcu.org/2015dues/) NAFCU is CONSIDERABLY less expensive: for me it would be 67% less! We're going into our 2016 budget season and this WILL be an part of the discussion.

Anonymous said...

When there is a lack of leadership there is no direction ie. CUNA, NCUA, CONGRESS, THE ADMINISTRATION. Nothing changes when there is no plan. Makes you wonder, is self-interest the only motivating factor for all these entities? As Jimbo would say, "you do the math".

Anonymous said...

Anonymous, you're missing the point.
So Nafcu is less expensive.
So what?
They're still wasteful.
What has Congress done for us after all the money we've sent them thru Cuna, Nafcu and leagues?
Answer- ZERO.
Now, go into budget season and offer your board trips that you just pay for directly.
No dues.
No pretense of "educational value".
Still wasteful but less expensive.

Anonymous said...

Once again proving - IF you proport to represent everyone, you in fact, respresent no-one (other than yourself, of course!).

Anonymous said...

Though Nafcu is far from perfect, their leadership and management seems better and more focused on helping credit unions than Cuna. I suggest have Nafcu take over Cuna for federal stuff and the Leagues do state.

Anonymous said...

I cannot believe what I am reading from credit union folks concerning the CUNA/NAFCU issue. As I understand it, about half of all CUs are state chartered and NAFCU is not set up to provide advocacy at the state level. The whole concept of CUNA is to provide for both state and federal advocacy and regulatory interaction. Those federal CUs out there who think they will not be impacted when state banker groups get unfavorable legislation passed are very much mistaken. We have a dual chartering system and we must have a trade association that can be responsive to the needs of and threats facing all credit unions regardless of charter type.
Georgia Birddog

Anonymous said...

Exactly! Have NAFCU provide the federal advocacy and the Leagues provide the state advocacy. Done.

Anonymous said...

Georgia Birdog.
Look in the mirror.
Repeat after me.
"I'm part of the problem, not part of the solution".
Not one penny. Not one moment. Not one thought should be spent on associations.
Banks don't like their's either.
And why should they?
And why should you.
Banks and credit unions are losing TOGETHER.
Congress has enabled the near destruction of banks and CUs while enabling new "disruptors" into OUR business.
Wake up.
They have us fighting each other while they collect dues and campaign funds....from US!
What a system!
Legislative wins delivered by Cuna, Nafcu, icba, ABA in the last 10 years....zero.
Who is winning?
Not banks and credit unions.
We are paying.
Definition of insanity.