Ever wonder what’s on the mind of the credit union systems’ leaders? Here’s an unadulterated sampling of the Research Council’s final reflections from the most our most recent meeting earlier this month.
- Don’t waste a crisis. Big changes are coming, so let’s seize the opportunity.
- Uncertainty won’t go away, so let’s plan for the long-term.
- Who cares that the current situation is not our fault, let’s look forward.
- There is a consensus on challenges and the most desirable outcomes for CU’s.
- We are all in this together. No map will tell us how to get there, but it is a good time to be a CU.
- Discussions like these are good cleansing of the soul.
- Leadership matters, so let’s get going.
- We are smart on the questions and answers. Adding voices gets us smarter.
- Currently in crisis management mode, let’s take the opportunity by constructively engaging policymakers and other leaders.
- Harness our energy and passion to do something we can control and shape.
- Leaving this meeting with wisdom.
- Thoughtful execution is essential going forward.
- What do we really want tomorrow? I don’t know.
- We have the same frustrations, but a common purpose and obligation to members
- Let’s get something going around collaboration. We can wait for others. Let’s lead!
- In racing, gains are not made in the straight-away, but in the turns. We are in a hairpin turn.
- Amazed about the information we don’t know. We must be the mouse that roared.
- Transformation is possible by looking forward.
- Shared perspectives hold enormous value.
- We are going through the five stages of grief: Denial, Anger, Bargaining, Depression and Acceptance.
- There are no rules and no experts to guide us.
- We need to be consistent about the facts and move with deliberate speed.
- Lowering the transaction cost for information is essential.
- Filene needs to be an issue spotter and raise the important questions.
- Stop mourning what we lost and let’s move forward.
What’s your thought bubble on the current state of credit unions?
Comments
7
In times of rapid change, innovators with few ties to the past overtake those whose revenue relied on the status quo. Will credit unions be the former or the latter?
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Your local focus hasn’t been more relevant since the inception of credit unions.
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I have noticed a marked, unsettling departure from our traditional position as a harmoneous cooperative of cooperatives. Instead, battle lines seem to being drawn quite demonstratively: small versus big, TARP versus no-TARP, pro- versus anti-trade association, cooperative versus competitive, maintaining the corporate network versus destroying it, and similar devisive debates. These are healthy discussions, but we must remember that united we live, divided we fall. Reaching a consensus stance on important issues doesn’t have to mean that everyone loses.
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“Retention is the new Acquisition”
This is the year to worship those members who have been loyal so THEY will market for you – again.
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Stop whining. Start winning. Stop copying. Start innovating. Stop standing still. Start running. Stop fighting. Start collaborating.
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Seems something died but no one knows when the funeral is. The toilet had to flush sometime right? There is a state of change happening and we can keep our focus on what needs to be done so it won’t matter. We have such a unrealized strength in this system. With the understanding that we don’t all have to be the same to be a credit union maybe we can find our common roots and move forward in a co-operative fashion. It worked before.
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For as bad the economy might be , I feel from a consumer, and commercial stand point, this might be one of the greatest opportunities in our history, for all credit unions to be able to capitalize on some of the weaknesses in banking system. I can tell you that I worked in the banking industry for over thirty years, and I’ve never worked with a delivery system that is more prudent then the credit union systems. But having said that, I also think it is important for the national news media to report about the economic conditions with real educated and informed information, not read script with out actual knowledge of the economical status of the world, which causes fear by the public. There is no question that our financial system needs house cleaning, but not at the expense of the United States Tax Payers. Again this can be a great time for the Credit Union Systems step up.
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