"Think Different" or "Industry Standard"?
"Whether you love him or hate him, you can’t argue that Steve Jobs was not a passionate man. He was passionate about new ideas, about quality, and about his brand. It showed. Apple consumers are famously loyal.
“The older I get, the more I see how much motivations matter” Jobs
said. Was there a different motivation between Apple and Microsoft in
launching these new products? According to Jobs, there was a huge
difference. “The Zune was crappy because the people at Microsoft don’t
really love music or art the way we do. We won because we personally
love music. We made the iPod for ourselves, and when you’re doing
something for yourself, or your best friend or family, you’re not going
to cheese out.”
While many economic and social factors weigh into the success of a credit union, I’ve seen first hand the difference a passionate team can make on the bottom line. The most successful credit unions we’ve worked with have not had the best marketing, they haven’t had the most college degrees in one room, nor have they had the best circumstances. The credit unions, which have the most success, are winning because they personally believe in their credit union. They have a mission statement and a vision they are passionate about. Their members are friends and family. They don’t “cheese out” as Jobs said.
“If you don’t love something, you’re not going to go the extra mile, work the extra weekend, challenge the status quo as much,” Jobs continued. What separates the good credit unions from the great credit unions? Culture. Vision. Passion. If you’re making loans for the sake of the bottom line or to meet targets, you’re going to have an uphill battle. If you’re making loans with the understanding of how you are helping a member or changing a life... "
What ever happened to "There Is A difference"?
They love profit over people...
ReplyDeleteSECU - There WAS a Difference
Anybody looked at the new financial statement? It shows what happened to our $1K bonus and loss of Flex time. We're paying $7million a month in interest for the $1.5 billion that we had to borrow, $6.8 million more this year than last on Consultant fees, $1 million on travel just in October, and we've increased our provision for loan losses by $57 million more than last year. That's a lot of bad numbers folks. Who else is scared of where this board and lack of management is taking us? We need to right this ship quickly, but scared that won't happen!
ReplyDeleteso much for the "profit"!
DeleteHayes and board really screwed this place.
DeleteCan someone remind me why we had to borrow 1.5 billion dollars? Did we really have to or was it just to pad the numbers?
DeleteDont forget about 1,000 new employees. Assume their average salary is 50K. That's an additional 50 million per year. It's probably much more.
DeleteAdvisory Boards: Spread this like wildfire! Even if you don’t think you have power, we need every effort we can get as employees.
DeleteWhen I read the email today I just had to shake my head. I wish we could turn back time a couple years. Had an employee upset today because of the interest rate charged to a member. Guess what? There was no rhyme or reason why it was so low. Member never missed a payment with us but doesn't get the best rate.
DeleteDon’t forgot to throw in that one bonus for 6 million to sleazy. We could have feed communities in NC with that money or i don’t know give that bonus to your STAFF, but let’s give it to a man that has never even ran a loan application, ran a teller transaction and probably never even logged in his computer besides to email us selfies. This man got 6 million to take selfies and ride around to branches and intimidate people. How he a CEO at another institution is beyond me.
DeleteIs this a fact? If not, this is simply dishonest. The ends don’t justify the means.
Delete"We're paying $7million a month in interest for the $1.5 billion that we had to borrow..."
ReplyDeleteHey Industry Standard is alive and well and living in Raleigh NC!
Why are we borrowing money to replace our employees with Artificial intelligence? The remodeling of branches, kiosks, ITMs, automated chat bots, and before you know it…most loan decisions will be automated completely…and before that teller transactions will be completely automated rendering the workforce of SECU expendable. It’s crazy how successful we were without all of that until these clowns showed up.
DeleteComments like this that claim the sky is falling distract from more substantive conversations.
DeleteTake a look at Andrew’s federal credit union and tell me what you see
Delete"Comments like this that claim the sky is falling distract from more substantive conversations."
Deletepay attention things are moving pretty fast ...
Oh wow. Leigh are you out there? How about explaining it on the upcoming web ex. Consultant fees, marketing fees, advertising fees what exactly is going on? I'd really like you to make it a few years but next October could be it if things don't change. Bring back our credit union.
ReplyDeletePoor Leigh ain't gotta 'splain herself to anyone. She's untouchable. Remember that. If you don't believe me, ask her.
DeleteMeant to say Why borrow at all? tricked no one. where is their"profit" going at this NON profit?
ReplyDelete