There is a Difference!
As noted in yesterday's post [link], sometimes patience is a virtue in politics. With the word of the day in our world being "uncertainty"- in all things apparently!; a bit of caution, a bit of wait-and-see would be prudent ... especially for credit unions.
But prudence and caution have not been the hallmarks of the "H.187 - CU Update" bill in North Carolina - nor has frankness, directness, credibility. If credit unions earn a reputation for seeking self-interest above all else; there will be a reaction, resentment, a price to pay in both politics and public perception. Yet the Carolinas Credit Union League (CCUL) continues to push a bill it claims is little more than an "update"!?
✅ Trade associations occasionally lose sight of what's really important. A horrible example occurred this week with two rival, national CU trade associations - the Defense Credit Union Counsel (DCUC) and America's Credit Unions (ACU) - jockeying for primacy at the expense of all credit unions. Both associations "coincidentally" scheduled national webinars on the same date, at exactly the same time to discuss taxation and regulatory consolidation. Here's [link] how it went:
"Both the DCUC meeting and ACU event started Monday at 1 ET and ended at 2 ET. That led one league president, who stated, on the condition of anonymity, that ACU's timing of Monday’s meeting was an unfair move, calling it “copycat.” DCUC set its meeting date last Wednesday."
"DCUC was not invited to take part in ACU's meeting, so I cannot comment on what was discussed,” said Hernandez [DCUC Chair]. “However, I do hope ACU's meeting was meaningful for those who dialed in at the same time and missed DCUC's meeting."
Not sure which trade association won this "ego-round", but pretty sure who lost - all credit union members! Y'know politicians, lobbyists, and credit union adversaries can and do read! The lack of unity among credit unions could not be more clear.
✅ Which brings us back to the "H.187 - CU Update" bill. Is CCUL's persistence in the best interest of North Carolina's 3 million+ credit union members? Or is it primarily in CCUL's own interest? It's been made clear that not all N.C. credit unions support H.187. Why risk a minor "update" in the midst of such great national uncertainty?
😎 What gives? Is it that the CCUL hasn't found the time to do a credit union legislative update "since 1975" according to the CCUL's CEO? Or is H.187 really about trying to find a way to justify those association dues dollars?
North Carolina's credit union members "heading under the bus"?
and who pays most of those dues dollars? Hint: It's the largest credit union in the state!
ReplyDelete