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| No Other Choice? |
The CUNA Board voted in closed session yesterday to encourage in essence, all America's Credit Unions to actively consider membership in NAFCU!
During the just completed Fall meeting in Madison, Wisconsin, the 24-member CUNA Board rejected the Governance and Structure Task Force Report recommendation supporting "optionality" - giving credit unions the right to choose membership in either CUNA or the leagues.
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| CUNA Board sends CUs a message from The Dairy State! |
1) Significantly higher dues costs, 2) increasingly questionable effectiveness on Capitol Hill, 3) the absence of direct representation at the national level, 4) and now a let-them-eat-cake vote by an out-of-touch (or worse) Board....
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| Dum-D-dum, Dumb!!! |
Well?...
CUT IT UP! - CUT IT OFF! - CUT IT OUT!
10 comments:
They both need to restricts along these lines:
Merge.
Lay off everyone that doesn't provide service on regulation and policy assistance and education.
Then lay off all the people in education cause nobody is learning.
Keep the Nafcu policy and regulation folks.
Charge a few bucks per year.
Give up in advocacy cause congress ain't going to give is anything til we pay taxes (the dirty little secret we've been told for years and we won't admit).
Then have a national discussion with each other about taxes.
Reduction in worthless dues helps reduce the tax burden.
Only about 1000 of us earn income to be taxed anyway.
Boom.
Maybe it's time for the CUNA board to reach out to the NAFCU board (leave their respective CEOs out of it) and have a serious discussion about merging CUNA into NAFCU. The Leagues would then be able to have an agreement with the "new" mothership or hire their own federal advocate. No more dual membership requirement.
Time for some leadership. Real leadership.
CUNA could actually consider reducing dues to a competitive level with NAFCU. They could get a effective strategic message about the future of credit unions. They could actually work to justify their paycheck. They are in a compete or perish situation. It is fish or cut bait time for CUNA.
I don't think NAFCU even wants CUNA's assets, i.e. a merger.
Reality check!
Did anyone really believe that the CUNA Board would accept the report of the task force?
Does anyone honestly think CUNA would ever consider a merger with NAFCU? Or for that matter that NAFCU would even entertain such a notion?
Towers of ivory are prevalent in Washington and the credit union has more than its share of them. NCUA, NAFCU, CUNA, NASCUS. And you could add the corporates, CUSO's and all their affiliated organizations. They all provide jobs as well as a place to go for those who either retire or are booted out. Did you know a credit union CEO invented the parachute?
What a circus. CUNA will keep this boat floating as long as they can get away with it, and based on how many CU's mindlessly cut their check every year, it will probably be quite a while!
Did the credit union community seriously expect a different outcome? These folks are self-serving predatory pandering pimps. And the credit unions are being pimped. And the league Presidents like Diane Dykstra that grossed over $650,000 (IRS Form 990) in 2013 are not going to let credit union interests trump self interest. Is there a credit union that can say Diane should earn more than the president of the United States of America? Where is the ROI? It would be fun to see a credit union member file a class action lawsuit against their credit union, its CEO & board of directors for negligence & wasting corporate assets all in direct violation of the business judgement rule. CUNA & the leagues are self-perpetuating organizations and will continue until the flock that feeds them shuts off the feed. These organizations are pigs at the trough. And we who support them enable them.
It has taken credit unions way to long to wake up to the fact that the CUNA and the League fee structure is very self serving and has not for a long time been a good investment on many levels. They do very little for the smaller and mid sized credit unions vs. what it is costing them and for the larger credit unions it is not money well spent based on the benefits they are receiving.
The CUNA organization is an old empire with too many layers. Supporting salaries that are way out of proportion to the benefits and results. The Kingdom and it Knights (Leagues) lead you all to believe that you cannot live without them. That is some cool aide they have been serving you all. They are laughing, dinning, toasting, traveling, taking very larger salaries and deferred compensation packages from the money you send them. Ask yourselves for what.. Keep it coming suckers!! NAFCU would be making a big mistake to even consider letting CUNA merge with them.
The Madison CU purists are proving once again its about them, not the members money. CUNA is officially BlockBuster Video, a greek tragedy. All of their clones at the NCUF, Filene etc can no longer hide the truth, CUNA cares about them, not the CU "movement."
Jason - don't forget the $1.3 million that CUNA gives WOCCU so its board and CEO can fly around the globe in first class! NAFCU can't do that for you.
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