Frank talked about enabling these staffers to become universal employees to merit pay increases that many other financial institutions are enacting today. It seems credit unions may have to do something like this to compete for talent.
Sue chimed in and addressed what increased deposits during the last year has done to credit unions' net worth -- which makes managing the balance sheet a bit more of a challenge. Her hope is that regulators will allow credit unions a little flexibility during this time.
Enjoy this clip with Sue and Frank and stay tuned for excerpts from the day's discussions.
Mike Lawson, Host
Married 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.