( a Jim Blaine classic post)
In the beginning ( no I was not there!); credit unions were created as cooperatives, which were to be owned and controlled by the members and managed in their best interests.
One member / one vote; a democratically elected Board; a common goal, a common purpose – the common good !
But today, some Boards and CEOs have become “more creative” in how they view their relationship with and their responsibilities to those member-owners.
and therein lies our greatest challenge for the future!
don’t box your members out!