Wells Fargo Scandal May Open CU Marketing Doors: Poll

This is a product of the "sales and service culture" that credit unions have been promoting for years. We all know about credit unions that have titles such as "chief retail officer" or "VP of sales and service." If a staff member doesn't measure up then they are "coached" to do better or sell more services. Branch managers are pressured and pushed to open more accounts. Making frontline staff into sales people is a dangerous game and the Wells Fargo fiasco proves it. I wonder how many credit unions had meetings after this happened?

harlie2

Wells Fargo, Dodd-Frank and the CU Tax Exemption: Onsite at NAFCU's Caucus

I can hardly believe that the Democrats say these things in public and expect people to believe them. Barney Frank's chief sidekick and co-scoundrel Maxine Waters "owns" the onerous Dodd-Frank Act and the CFPB, yet she has not paid the political price for her "evil-doing."

There is no way to say this respectfully. Representative Maxine Waters is a liar. Her political party and her left-wing partisan politics have done more to destroy main street financial institutions than I can list without using expletives.

The credit union trade associations and the credit union media need to tell the truth about members of Congress like the deceiving Rep. Waters who wants to extract "rent" (extortion) from the special interests (like NAFCU and CUNA) rather than allow real Americans (like credit union members) to have market-driven financial product and service options.

The 2016 election season dishonors the U.S. Constitution and our great nation. For everyone in main street "fly-over" America who cherishes credit unions, it is a sad, sad time in an otherwise very long and proud history.

Marvin Umholtz

Consultant

Olympia, Wash.

Credit Unions and Their Underdog Addiction

Great analogy. I was just meeting with a few credit unions yesterday during a road trip and the smaller ones did have a bit of underdog mentality. However, I also met with a very large one (top 10 nationally). No underdog feels there. In fact, they considered anything possible through their dedication.

I'm not saying the smaller credit unions were suffering under it (and they even said, "no excuses"), but it does change how you approach challenges.

Joe Winn

President, CUZoom