Wednesday, July 30, 2025

The Credit Union Cooperative Model: For What It's Worth...

   

  No longer a movement, no longer an ideal?

"We sold out the magic of financial cooperatives - [link Chip Filson blog] - not for the sake of being understood for our contribution and confidence in people acting together.  Rather the goal became putting a number on who we are... " 

The "new/new" leadership...  "strive to be evaluated and on par with ideals that are not the drivers of our member-owners’ success."

"These market driven criteria have a hard time with the ideals of community ownership ... where acting and living the purpose is far different from cashing in. "

"This is not a good look for cooperatives. Their “worth” was never meant as one ready to be traded, abandoned ..." 

😎 Every credit union member should stop and take a "look at what's going down"...


Irrelevant? Worth less? ... Worthless?