HERE SHE IS....
MARVEL EBENHAHN
... no finer example of the cooperative,
"People Helping People" philosophy.
Thank you Marvel
... right there with you m'am!
"IT'S AMAZING WHAT PEOPLE CAN DO WHEN THEY WORK TOGETHER."
"IF WE CAN"T BE DIFFERENT, WHY ARE WE HERE?"
I'd elope to South Dakota with this lady!
WOW!!!
[Definitely a "10"!]
ACCOUNTABILITY - COMPETENCY - TRANSPARENCY
[Need an example of what those words mean? Marvel-us!]
MARVEL EBENHAHN
... no finer example of the cooperative,
"People Helping People" philosophy.
Thank you Marvel
... right there with you m'am!
"IT'S AMAZING WHAT PEOPLE CAN DO WHEN THEY WORK TOGETHER."
"IF WE CAN"T BE DIFFERENT, WHY ARE WE HERE?"
 |
| In a heart beat! |
I'd elope to South Dakota with this lady!
WOW!!!
[Definitely a "10"!]
ACCOUNTABILITY - COMPETENCY - TRANSPARENCY
[Need an example of what those words mean? Marvel-us!]
3 comments:
Not only is this credit union “Marvel-ous” in terms of member advocacy, they are operationally outstanding. A few data-points to back up this claim:
> Expense to Asset Ratio: 0.67%
> Efficiency Ratio: 50%
What is remarkable about their efficiency ratio is the following:
> Non-Interest Income to Assets Ratio: 0.03% (most credit unions are in excess of 1.00%)
> Net Interest Margin: 1.30% (they take as little as possible in loan yield and return as much as possible in dividends)
Finally, they are steady and stable relative to earnings. Their standard deviation of ROA is 0.06%.
There is nothing “fancy” to see here; just and advocate for the member, operating as lean as possible – truly a “Marvel-ous” role model for others to follow. I disagree with your assessment of her being a 10. She is a 25 on a 10 point scale.
Amen to that! I stand corrected...
Credit unions and credit union leaders who still understand their purpose... serving their neighbors and their communities ... do make a difference far beyond "banking" in this Country.
They may not get the headlines, but they are the credit unions and credit union leaders who really matter... because as this grand lady says so clearly states they are different... and that makes all the difference.
New Rockford may be worth a pilgrimage ....
Send NCUA Duke Street to New Rockford. Maybe they can get a copy of her Business Plan that addresses low operating expenses, and how to operate efficiently, without charging excessive fees or assessments to the membership. Just a thought.
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