Search
 

Pricing based on what?

Can anyone tell me how you determine your membership count? Is it a member with a $5 share account, $5 share draft account, a member with a loan with no savings, or a member with just a CD? Why am I asking? Everything our trades charge us for is based...

By Staff Writer | Updated on September 10, 2002

Can anyone tell me how you determine your membership count? Is it a member with a $5 share account, $5 share draft account, a member with a loan with no savings, or a member with just a CD? Why am I asking? Everything our trades charge us for is based on asset size and member count. Any seminar, annual dues, services, or anything they do. Even our computer service provider charges by assets/member count for annual license fees. Not only that, many trades even charge more to go to a seminar if you don’t belong to a separate association within their association, e.g. HRD Council, Marketing Council, and other types of groups. I just don’t understand it. If you have a product or service to sell, why don’t you base it on the cost of the product or service, plus a reasonable profit margin? No, they base it on the credit union’s ability to pay. For us, it means less attendance and maybe scrutinizing more thoroughly what I’m paying for. L.L. DeCarlo President/CEO Pacific Marine CU Camp Pendleton, Calif.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.