Friday, January 19, 2024

SECU: Consider This: Chapter 1 - The Difference?  SECU is different!

SECU has always had one major weakness, which has now come front and center to endanger the future of the Credit Union. What is that liability? What is this dangerous, ominous risk? 

It is simply that SECU is an unusual, different - and perhaps unique - organization. Nothing wrong with being different, except... most SECU members, many SECU employees, all of the current SECU Legacy Board members, and the public in general don't understand that difference, that uniqueness. The danger in that? Well, as Joni Mitchell so aptly said: "Don't it always seem to go that you don't know what you've got 'til it's gone. You pave paradise and put up a parking lot."[link]

Hopefully, taking some time to explain that SECU difference, that SECU uniqueness will help members and employees make an informed decision on what their Credit Union should be in the future.  "Paradise or parking lot".

So, going to let you in on some facts and stories about SECU you may not have heard before. Going to call the series "Consider This" and hope you will engage in the discussion - pro and con - with your comments. What is "The SECU difference", what's all this fuss about, anyway?

For today a couple of easy questions for you to consider:

1) Is anything in life really unique? If so, name one!

2) Is SECU a bank? Y/N - Why so?

3) Is a "non-profit bank" an oxymoron?

... wasn't Silicon Valley Bank a non-profit?