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No Longer Masters of Our Destiny

Let's face it: There's no success in isolation. This is true at nearly every level of society. As individuals, we routinely combine our efforts with others to achieve greater success, as do our credit unions. If you doubt this, think of what your credit union would look like absent all...

By Staff Writer | Updated on May 23, 2006

Let’s face it: There’s no success in isolation. This is true at nearly every level of society. As individuals, we routinely combine our efforts with others to achieve greater success, as do our credit unions. If you doubt this, think of what your credit union would look like absent all of your vendor relationships. Without these relationships it’s likely that your credit union could not exist.

This fact is even more pronounced for larger companies and, increasingly, the business relationships critical to a corporation’s success cross borders. For these large corporations, international trade, currency fluctuations, imports and exports, are second-nature concepts. Their ability to efficiently operate on a global scale is of paramount importance. And while this is true for many of the financial service providers we compete against, credit unions, while generally not global competitors, still need to be well versed in global activity, and the reasons are many. Why?

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