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TexasProgresive

(12,154 posts)
1. My grandfather was a founding member and officer of a credit union
Thu Jun 16, 2016, 07:56 AM
Jun 2016

It was started when credit union were first formed. Until he died in his 70s he was the chief loan officer and Sec-Trea. Every year the membership would get together to determine the direction and vote for the officers. It was truly done right. The credit unions these days seem like banks with a different name. The members don't have any real say. One thing is many are now covering vast geographic areas so it is hard or impossible for most members to come together and hash out things.

All in all I would say that credit unions have been co-opted by THEM (you know who they are)

One other thing I remember is there was a distribution of net profits of the credit union to the members as a dividend. No credit union I have belonged to does that.

My grandfather was a founding member and officer of a credit union TexasProgresive Jun 2016 #1
Thanks... Phentex Jun 2016 #3
Mine still does. n/t djean111 Jun 2016 #7
There are a lot of good people at Delta. Dawgs Jun 2016 #2
Thanks... Phentex Jun 2016 #4
Been with LGE Brainstormy Jun 2016 #5
That's a good testimony... Phentex Jun 2016 #6
Joined a credit union after being a banking person for decades packman Jun 2016 #8
I am going to look around... Phentex Jun 2016 #9
Latest Discussions»Region Forums»Georgia»Anybody have a credit uni...»Reply #1