Credit Unions: On The Highway To... Or The Road To Damascus? [Revisited]

   See The Light?

✅ In case you missed it, you might like to take a look at this Sunday morning sermon from Brother Ed Speed [CUDaily].

✔  Excerpt: "Royal consciousness" in credit unions is seen when:

• Scale becomes virtue, rather than a tool.
• Consolidation becomes inevitability, rather than a choice.
• Executive self-enrichment becomes normal, rather than scandalous.
• Member democracy becomes a nuisance, rather than non-negotiable.
• The movement’s origin stories become marketing fodder rather, than moral constraint. 

 As the kids would ask: "Are we there yet?" 

 

 

America's Credit Unions: On The Fourth Of July

 ... a Cause for celebration?

We hold these truths to be self-evident:

★ As the financial world consolidates;  individuals, entire communities, have lost their ability to apply moral and ethical pressure on their local credit union.

★ Decisions, policies and practices are no longer formulated within our local communities. 

★ The balance of financial power has shifted away from the member; the principle of financial fairness no longer guides our moral compass. 

★ A disconnect in responsibility and accountability has been created between the credit union financial professional and the member-consumers served. 

★ It is now difficult to confront or shame the often remote and purposefully isolated leadership of a credit union.

★ Increasingly, it is a challenge to find a forum in which to hold a credit union accountable to the people and communities it serves.

★ The bond of trust between the credit union and the member-consumer is being dismantled with reckless impunity.

★ Members are no longer certain that their credit union is led by faithful servants and good shepherds - disciplined by sound judgment, high integrity - and humility. 

★ The fabric is fraying...

  Happy 4th!...  Independence Day, 2026!