Saturday, July 4, 2026

America's Credit Unions: On The Fourth Of July

 ... Cause for celebration?

We hold these truths to be self-evident:

 As the financial world consolidates;  individuals, entire communities, have lost their ability to apply moral and ethical pressure on their local credit union.

 Decisions, policies and practices are no longer formulated within our local communities. 

★ The balance of financial power has shifted away from the member; the principle of financial fairness no longer guides our moral compass. 

 A disconnect in responsibility and accountability has been created between the credit union financial professional and the member-consumers served. 

★ It is now difficult to confront or shame the often remote and purposefully isolated leadership of a credit union.

 Increasingly, it is a challenge to find a forum in which to hold a credit union accountable to the people and communities it serves.

 The bond of trust between the credit union and the member-consumer is being dismantled with impunity.

 Members are no longer certain that their credit union is led by faithful servants, good shepherds - disciplined by sound judgment, high integrity - and humility. 

★ The fabric is fraying...

  Happy 4th!...  Independence Day, 2026! 

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