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CUs Need to Take More Independent Initiatives

In David Morrison's recent article about shared branching (CU Times, May 28, "For Credit Union Shared Branching, Quiet Revolution Continues"), he stated three obstacles to credit unions getting involved in shared branching. Here in Louisiana we have a fourth and it is the predominant reason. It is the Louisiana Credit...

By Staff Writer | Updated on June 17, 2003

In David Morrison’s recent article about shared branching (CU Times, May 28, “For Credit Union Shared Branching, Quiet Revolution Continues”), he stated three obstacles to credit unions getting involved in shared branching. Here in Louisiana we have a fourth and it is the predominant reason. It is the Louisiana Credit Union League, which uses the CUSC, just as it uses CUNA, to improve credit union participation in the League. This league, were it a stand-alone operation, would have significantly lower membership. Using that knowledge and its control of the shared branching operation, the League effectively blocks credit unions from participation in CUSC if the credit union is not a member of the League. But why am I surprised? I’m sure the League learned this behavior from CUNA which blindly supports leagues, good or bad, and refuses membership to credit unions who refuse to support ineffective leagues. Will the players in this credit union movement ever learn to stand on their individual merits and accomplishments rather than on each other? Is that asking too much? Audrey D. Cerise CEO/President ASI Federal Credit Union Harahan, La.

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