... problem or opportunity?
Been having a real struggle with how to proceed in explaining the question: "Is The Party Over For Credit Unions?" [link]. It appears to be a serious question for all credit unions; and if true, what does that mean for the future of SECU and its member-owners? Always many subtle twists and turns in looking to the future, but the signals and signposts are plentiful - increasingly hard to miss!
Have tried to establish a baseline for this discussion by outlining how and why credit unions were created and how they have evolved from highly limited, employer-based benefits to broader, federally-insured consumer financial institutions (see above post for background links).
But the bottom line is simple, if you really don't believe there is a distinct difference in purpose, practice and principles between a credit union and a bank - then game over, fold up the tents. And by the way, its quite alright if in fact there is no longer a difference between the two. Fine, okay but let's all stop lying about it and move on!
Found a starting point in yesterday's comments:
That story sure beats a "We are SECU" SuperBowl ad!