3/16/2021 11:57:45 am
Pardon me but "under pressure" is a bit of an understatement. Credit Unions and their allies must of realized by now that the low rate environment is signaling the death knell for the credit union model. Low rates, repricing competitors (some not carrying as near a regulatory burden, vendor/supplier indifference and Trade Association neglect along with a crushing compliance burden have already cost the movement thousands of "the peoples banks". The destruction continues as credit unions are forced to spend more of their dwindling revenues on compliance like BSA where you spend a lot of time and money doing the governments work but are not compensated thereby becoming the victim of an un legislated tax on your membership. The survivors (if there are any) will hardly resemble the non profits who were designed for good reasons but will be destroyed by the manipulations of our economy by bad government. Comments are closed.
|
Mike Lawson, HostMarried to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple. Categories
All
Archives
October 2023
|
||||||||
RSS Feed
|
Privacy Policy • Copyright © 2023 CUbroadcast
|