tag:blogger.com,1999:blog-319775530671726401.post1957886906686146850..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Study Claims that CUs Lack Incentive to Control ExpensesKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-319775530671726401.post-68755819937374380012017-08-08T12:23:52.151-04:002017-08-08T12:23:52.151-04:00Banks have more consumer customers than credit uni...Banks have more consumer customers than credit unions and it's not even close. <br /> credit unions (Cuna) lie about member numbers. <br />A member with 5 cu memberships is counted 5 times as a unique member. <br />Wake up. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-25133512331291083042017-08-07T13:28:56.357-04:002017-08-07T13:28:56.357-04:00Credit unions serve approx 70mm members thru 100mm...Credit unions serve approx 70mm members thru 100mm memberships, or more than 20% of the US pop. of 312mm in this first 100 years.<br /><br />Banks do have the bigger absolute dollars because they are mostly business not consumer bankers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-49800701685649388542017-08-07T07:02:49.955-04:002017-08-07T07:02:49.955-04:00Really?
Another Cuna manual for how not to succeed...Really?<br />Another Cuna manual for how not to succeed.<br />If credit unions were so much better than banks, they'd have more members. They'd have more profit and they'd have more capital.<br />Banks have more customers, more profit and more capital.<br />That "day" has been here for a hundred years.<br />Wake up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-90615119818860218982017-08-06T12:42:28.986-04:002017-08-06T12:42:28.986-04:00Until the day comes that credit unions take more p...Until the day comes that credit unions take more profit from their members than banks do from their customers, market share will never increase. Capital determines maximum asset size, and credit unions generate capital by taking profit from members and placing it on the balance sheet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-41194320428027629702017-08-04T20:26:11.584-04:002017-08-04T20:26:11.584-04:00That's really brilliant.
Where did you read it...That's really brilliant.<br />Where did you read it, the Cuna manual?<br />If CUs are such a better deal than banks then why do credit unions still only have about 8% of US deposits?<br />Guess Americans just like a crappy deal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-76346069538347400922017-08-03T19:13:52.104-04:002017-08-03T19:13:52.104-04:00The Stockholder, not tax, is the master driving ba...The Stockholder, not tax, is the master driving bankers to restrict cost, and customer service, to the minimums consumers will tolerate. It is a for profit model, taxed on its profits. <br /><br />Credit unions are a not for profit model that, therefore, allows no stockholders. It is a for service model, established to spend all it can raise on delivering to consumers maximum bank service and value at a moderate profit to sustain growth. Operating expenses per asset dollar serviced are properly higher at cus than banks of similar size. The actual trend is carefully managed, similar to the graph's line for credit unions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-73828208749527650932017-08-03T14:46:13.254-04:002017-08-03T14:46:13.254-04:00Operating expenses are through the roof. CEO $ala...Operating expenses are through the roof. CEO $alary expenses are through the roof. These CEOs are getting paid like pigs at the trough - addicted to GREED - when more is not enough. They increase NSF fees to increase CEO $alaries that border on extortion. They are CEOs of a criminal enterprise. The mafia hates the competition.StuartPhttps://www.blogger.com/profile/10450097581001259091noreply@blogger.com