tag:blogger.com,1999:blog-319775530671726401.post1505080859265113876..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Mediterranean CU CruiseKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-319775530671726401.post-32301513837853566692010-07-10T09:27:26.740-04:002010-07-10T09:27:26.740-04:00if a director doesnt go to "something like th...if a director doesnt go to "something like this, if not for the appeal", then that tells you its a waste of money. a director shouldnt need to be "lured" to a learning opportunity". a cruise?. many directors are disgusted by this. <br />be interesting to see the travel budget of cu directors compared to the "pay" of community bank directors. bet youd be surprised. take a look at the arrowhead article by heather anderson in cu times. note the travel budget and director/senior management compensation figures...for a cu cratering and losing money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-49896956154462304132010-07-01T17:11:16.333-04:002010-07-01T17:11:16.333-04:00Credit union executives are skilled and innovative...Credit union executives are skilled and innovative when seeking out value-added, alternative ways of obtaining education. Credit union league meetings, CUNA council memberships, trade journals, and web-based seminars are commonly used for the kind of information provided on this “educational cruise”. It'd be a shame to consider the only way to motivate CU executives to perform their fiduciary duty of seeking out continued learning is to dangle an exotic cruise in front of them. I wonder if the execs who attend this cruise would do so if they had to justify it the need to spend members’ money (credit union capital) on this, and what financial gain came of it, to all of the credit union members or to congress to defend the responsible use of their tax-exempt status.A Credit Union Executivenoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-3912673410957823632010-07-01T08:58:12.359-04:002010-07-01T08:58:12.359-04:00At the surface this seems like a big time waste of...At the surface this seems like a big time waste of a credit union's money along with their member's savings. However, I would make the argument that many of the attendees would not have gone to something like this if it were not for the appeal. I can assume that some of the information these individuals would learn at something like this will lead to either savings for the credit union or increased revenue. This of course is impossible to quantify, but the implementation of a successful idea in general will typiclly fully recover any kind of cruise expense.FMSI VantagePointhttps://www.blogger.com/profile/16926612161634857160noreply@blogger.com