Monday, December 07, 2015

You Got To Know When To Hold 'Em, Know When To Fold 'Em, But At Least Know One Way Or The Other...


Well, it's probably time to drop all this
Guru some!
management/leadership "stuff" and get back to business.  If I keep it up much longer, someone might mistake me for Dan Berger!  Y'know he's really into all that, written a "how to" book about it even! He takes it very seriously!


But speaking about Dan of course always makes me think about CUNA.   As you probably know, it's "rock and roll time" for CUNA this week. The CUNA Board is confronted with a crucial, pivotal, "fish or cut bait" meeting which begins in D.C. on December 9th. All the chips are on the table!


Moving from 50 toward regional.
It's well past time for the CUNA Board to make the final call on the issue known as "optionality", which in regular speak is simply giving credit unions the freedom of choice to join CUNA without having to join a particular State League. Right now to be a member of CUNA a credit union must also become a member of the League in its "home state". 

The facts underlying any potential CUNA Board decision are four:


1) The credit union movement is rapidly consolidating. That trend will accelerate. The number of new credit unions are few, if any going forward. Fixed game, declining number of qualified players.


2)  The consolidation of credit unions is forcing the consolidation of leagues. Just fewer players to pay the freight, fact of life. Certain inevitability to it, regardless of your political persuasion.

3) NAFCU has drawn a line in the sand and is "all in", challenging for supremacy as the premier national credit union trade association. Skilled, aggressive, lower costs, focused - better hand?


4)  With the consolidation of credit unions (now most often very large, multi-state organizations) and the subsequent regionalization of leagues, the future of state representation and national representation have become two separate issues, requiring different, separate solutions.

Hope everyone feels okay about those four facts, hard to argue with what we all see - neither good nor bad, just the way it is. So, handle it!

The CUNA Board has 3 choices to deal with in the brave new world of credit unions as it arises...


1) Maintain the status quo, hope for the best, pray that the future doesn't overtake CUNA before your retirement. Can see some merit in this solution, especially for some folks who are carreer-wise "passed prime".

2) Provide direct membership in CUNA by any credit union.  If CUNA is what it says it is, then all is good, prosperity lies just ahead. If CUNA is not what it says it is, then welcome Dan Berger as your new national leader. 


Much merit in this solution as CUNA becomes a free market player, freed of the hugely time consuming problems of local state politics, egos, and influence peddling. Direct engagement, without filter, with a cohesive national support group - can't be all that bad!


3) Can kicking - a do nothing mood of let's buy some more time. At this point, nobody wants any further dithering by CUNA, but Las Vegas is handicapping high odds against the CUNA Board as a take charge group. The CUNA Board to date does not look like a first table player! The safe money is on a fold... definitely no better than a check.


Let's all hope not.  Let's hope the CUNA Board has the wisdom, since all the cards are now on the table, to...



Play the hand that is dealt you in life!

7 comments:

Anonymous said...

Or, stay calm and watch congress take the insurance fund.
Questions for ms Matz tomorrow on the "hill".
Justify adding to budget while credit union roster is shrinking.
Justify otr methodology and attitude regarding otr.
Justify contingency lawsuits.
Justify charter change rules.
Justify complex designation for credit unions between $100-500mill.
Justify 1000 new low income credit unions.
Report, with GAO help, all the data on corporate legacy assets.
Justify higher rw for mortgage balances greater than 35%.
Justify why there is an office for small and an office for very large credit unions, how does that work?
Bring back the office of general counsel to the hill when you make this report, got a few follow ons for those chaps.

Anonymous said...

Writing a book about leadership does not necessarily confer the mantel of leadership on the author.

Jason M. Dias said...

leaving anonymous comments confers cowardice, and irrelevancy on you however. If you heard his interview on our show, you would know he is the real deal. Real...you know, opposite of anonymous. Here is the link to the show. Cut and paste: http://www.blogtalkradio.com/powerofperformance/2015/10/23/nafcu-dan-berger

Anonymous said...

When you are up against a bunch of incompetents ie CUNA you actually do not have to do much to win. It is amusing to watch the various league presidents jockey for position as they attempt to try and convince others they can do a better job than Nussle. If he only knew what they said to others about his performance perhaps he would become an aggressive leader. What did I just say? Leader? That trip you recommended to North Carolina must have affected my ability to think. But I can now more fully understand your recent ramblings about leadership. Anyway, I regress, my point is NAFCU can just sit back, Berger can reread his book for the umpteen time and his group can win by default.

Anonymous said...


It is unfortunate that there will not be time to ask the Chairman all the questions posed by commenter #1 but you must remember that she will be the smallest fish in the pond of "regulate until they drop" individuals appearing with her before the committee. Perhaps the one questioned she should be asked is "Are credit unions operated for the benefit of there members"? Do you think she knows the answer now?

Anonymous said...

Dan Berger has more leadership skills in his pinky-toe than anyone at CUNA. As does NASCUS's Lucy Ito. Both orgs are focused and clearly communicate their mission and vision. Add their respective boards of directors to the mix and CUNA (and most of the leagues) can't even stand in their shadows.

Anonymous said...

Have you seen the size of his pinky-toe? The man is an Einstein.