tag:blogger.com,1999:blog-6142586076564907145.post2658467315186410220..comments2014-02-08T13:57:59.470-08:00Comments on The Credit Union Warrior: Lessons from CheesesteaksMatt, the Credit Union Warriorhttp://www.blogger.com/profile/09889457998860910770noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6142586076564907145.post-61636078329718841172009-09-28T11:55:26.089-07:002009-09-28T11:55:26.089-07:00The one word missing in all of this is "reput...The one word missing in all of this is "reputation." That's why there are lines around the block. Period. <br /><br />The national credit union reputation has suffered recently - but individual credit unions can protect theirs by staying true to the core principles. <br /><br />That's money WIT meaning.Denise Wymorehttp://www.denisewymore.comnoreply@blogger.comtag:blogger.com,1999:blog-6142586076564907145.post-47927633572546393472009-09-22T17:48:40.944-07:002009-09-22T17:48:40.944-07:00@Ron and James Thanks for the comments. A credit u...@Ron and James Thanks for the comments. A credit union or bank could have the best intentions in the world, but if their product stinks who cares? I don't think either structure necessarily yields better products. There are countless examples of banks out-credit unioning credit unions. Let's face it, banks must please their customers, too, if they want to stay in business. A model credit union, however, promotes member ownership/democratic control, embraces social responsibility, cooperates with other credit unions to maximize impact, and works for people, not profit. Banks CAN do that, credit unions MUST.<br /><br />The issue you're having, James, is a similar one that many folks in America have: too many credit unions are not demonstrating credit union core principles. It's grayed the line between credit unions and banks, even though the contrast SHOULD be overly-conspicuous.Matt, the Credit Union Warriorhttps://www.blogger.com/profile/09889457998860910770noreply@blogger.comtag:blogger.com,1999:blog-6142586076564907145.post-44083311582717012812009-09-22T17:30:58.862-07:002009-09-22T17:30:58.862-07:00I just realised I didn't really talk about wha...I just realised I didn't really talk about what I wanted to. Stupid James.<br /><br />I just have this feeling that the structure really has no bearing over the end product, or the user experience.<br /><br />Some banks are doing some really great things, and some credit unions are doing some really great things.james whttps://www.blogger.com/profile/13862957119461892974noreply@blogger.comtag:blogger.com,1999:blog-6142586076564907145.post-2252275306656206132009-09-22T17:25:15.967-07:002009-09-22T17:25:15.967-07:00I don't get why the structure means so much fo...I don't get why the structure means so much for credit unions, and I'm a credit union guy... I really like credit unions!<br /><br />We're old school. In America, that may well be a good thing, you guys have some gnarly financial crisis that here in Australia we haven't felt so much. There are some really cool banks here in Australia breaking some new ground, with some new school thinking.<br /><br />CU's here in Australia are just concerned with merging and conquering to be the biggest. Partly this is because of legislation requirements that are increasing overheads, but I think a large component is ego of senior management levels.james wnoreply@blogger.comtag:blogger.com,1999:blog-6142586076564907145.post-68609617983411451862009-09-22T09:03:39.528-07:002009-09-22T09:03:39.528-07:00The Skeptic didn't win diddly squat.
While Fr...The Skeptic didn't win diddly squat.<br /><br />While Frank has a point that "if the sandwich wasn't good...no one would come back", he fails to mention that one reason WHY the product might be so good is influenced by the way Pat's Famous Steaks is structured, how it treats its employees, the level of service, etc. <br /><br />The structure of a CU doesn't guarantee a great product. And just because a bank doesn't have the structure of a CU doesn't mean it couldn't produce a great product.Ron Shevlinhttp://marketingteaparty.comnoreply@blogger.com