The Challenge Of A National CU Brand... Part II

No two snowflakes are identical!

Snowflakes, much like Credit Unions, are fantastically varied in form and purpose.... 


If you attempt to bring CUs together under a consolidated, unified brand, here's the combined look you create... 

Question Of Fairness...

Several credit unions are reviewing or have announced intentions to convert to bank charters.  Those CUs which leave the NCUSIF are apparently not currently required to pay their share of the "$15 billion bill" for the Corporates.

The more CUs who choose to leave, the higher "the bill" for those who remain!  At some point, this opportunity to "get out of jail free" may become a dangerous game of "musical chairs" with Boards and CEOs who "do the honorable thing" being bankrupted by their amoral peers.

Does NCUA have the authority to require an NCUSIF "exit fee" on departing CUs? 

If so,  the exit fee should be announced to help CUs plan, who are contemplating a conversion. If not, when will NCUA propose regulation or legislation to correct this issue of injustice and fairness? 

If NCUA is truly intent on helping CUs manage "risks",  they should have no higher priority. 

If NCUA can't "manage" this very, real threat; be prepared for a new look on Duke Street in the near future...

Question Of Interest....

Does NCUA have the legal authority to pay interest on the proposed pre-payment assessments?

If they can pay interest, why aren't they?

Pearl

"Conscience is what hurts when everything else feels good."

Mirror, Mirror....

Leadership:  It's not about you....

Haiku For You

From Nothing

If happiness is,

But no longer worth the risk;

Then what's left to lose?

Examiner's Bull....

"As an examiner, her tact and "people skills" had about the same impact on the Board, as a bull liberating a china shop."

Einstein On The "Principles" of American Finance ....

"Perfection of means and confusion of goals seem, in my opinion, to characterize our era." *

- Albert Einstein

*Translation:  In American finance,  we have moved from a system of "Caveat emptor!" ("Buyer beware!") to a system of "Caveat *x#*|*!" ("Buyer be *x#*|*!") ...... "CASH" seems to be the only "value system" which now guides professional financial behavior.

Division Of Labor.....

"Some people meet; others work."

Pearl

"Maybe this is as bad as it can get, but don't bet on it!"