Posted by Bruen
at 12:01 AM PDT
Wednesday, 19 June 2013
Services Credit Union
Posted by Charles Bruen:
My position for some time now is that TINY credit unions should be closed. Services Credit Union is another example to bolster my argument.
This privately insured credit union has $227,625 in assets and $1,945 members. Why would ASI insure a tiny credit union like this is anybody’s guess? Call it pro bono insurance or something.
The Credit Union offers almost NO services. The only loan program is the fee-harvesting credit card that has drawn the bad press.
Amazingly, the unpaid CEO, Daniel Plauda, has been chairman of the Illinois Credit Union. Assuming that the big guys are League affiliated, which I could understand if they weren’t, they are represented at the state level by the smallest credit union in the state. Credit unions like Alliant ($8.2 billion), CEFCU ($4.5 billion) are lead by the CEO of a credit union so small as to be a pixel dot on the screen. Go figure!!!
Clearly this is an example of where the best thing that the credit union could do for its members is to liquidate and distribute the 50% paid-in equity.
Posted by Charles Bruen:
My position for some time now is that TINY credit unions should be closed. Services Credit Union is another example to bolster my argument.
This privately insured credit union has $227,625 in assets and $1,945 members. Why would ASI insure a tiny credit union like this is anybody’s guess? Call it pro bono insurance or something.
The Credit Union offers almost NO services. The only loan program is the fee-harvesting credit card that has drawn the bad press.
Amazingly, the unpaid CEO, Daniel Plauda, has been chairman of the Illinois Credit Union. Assuming that the big guys are League affiliated, which I could understand if they weren’t, they are represented at the state level by the smallest credit union in the state. Credit unions like Alliant ($8.2 billion), CEFCU ($4.5 billion) are lead by the CEO of a credit union so small as to be a pixel dot on the screen. Go figure!!!
Clearly this is an example of where the best thing that the credit union could do for its members is to liquidate and distribute the 50% paid-in equity.
Posted by Bruen
at 12:01 AM PDT
Tuesday, 18 June 2013
SAC FCU new headquaters being planned
Wow ... looks expensive to me.
Chuck Bruen
Wow ... looks expensive to me.
Chuck Bruen
Posted by Bruen
at 12:01 AM PDT
Updated: Monday, 17 June 2013 9:43 AM PDT
Monday, 17 June 2013
Excellent editoral by Sarah Snell-Cooke
Posted by Charles Bruen:
This is an excellent article ... spot on. A must read for all credit union folks.
Thanks Sarah for being a voice in the wilderness.
Posted by Bruen
at 9:26 AM PDT
Sunday, 16 June 2013
Today is also BLOOMSDAY!!!
Bloomsday is a commemoration observed annually on 16 June in Dublin and elsewhere to celebrate the life of Irish writer James Joyce and relive the events in his novel Ulysses, all of which took place on the same day in Dublin in 1904. The day is a secular holiday in Ireland. The name derives from Leopold Bloom, the protagonist of Ulysses, and 16 June was the date of Joyce's first outing with his wife-to-be, Nora Barnacle, when they walked to the Dublin village of Ringsend. http://en.wikipedia.org/wiki/Bloomsday
Posted by Bruen
at 12:01 AM PDT
Updated: Tuesday, 28 May 2013 3:30 PM PDT
Happy Father's Day!!! To all the fathers out there.
Posted by Bruen
at 12:01 AM PDT
Updated: Tuesday, 28 May 2013 3:29 PM PDT
For Father's Day, I'm going fishin'
Posted by Bruen
at 12:01 AM PDT
Saturday, 15 June 2013
Today is International Elder Abuse Awareness Day
http://www.timeanddate.com/holidays/un/elder-abuse-awareness-day
Posted by Bruen
at 12:01 AM PDT
Friday, 14 June 2013
Flag Day and National Flag Week
[Wikipedia]
[Wikipedia]
Posted by Bruen
at 12:01 AM PDT
Updated: Tuesday, 28 May 2013 3:31 PM PDT
Thursday, 13 June 2013
Which Credit Union has the most fees?
Posted by Charles Bruen:
Well know one knows for sure but I would say that Arizona Federal Credit Union has to be one of the serious contenders for the title. Check out this schedule. Did they miss anything?
https://www.arizonafederal.org/membership/fees
Posted by Bruen
at 12:01 AM PDT
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