WE DID IT! The coalition held its first convention and we had over 150 attendees. There are a lot of people to thank for all their hard work and commitment for a successful event and to start we need to thank the Boston Firefighters Credit Union lead by Bernie Winne. To put on a convention was new to most of our board members and Bernie’s experience proved invaluable to us. Thank you again Bernie.
Looking back at the convention even the weather welcomed us to Boston in a season that is unpredictable. The government with its shut down didn’t stop us from enjoying the multitude of entertainment that Boston has to offer. In your comments it was obvious that we had met and even surpassed your expectations of what the convention should be like. We had good speakers and presenters with time for round table discussions.
On the final day Lyn Lynch from San Diego won the IPad worth over $600.00. At the Friday night dinner we presented our first volunteer of the year award, which went to Pat Engel, he will also receive free registration at next year’s convention. We also commemorated the Percy Riley Jr. Scholarship fund with a plaque that was presented to the Richmond Fire Department Credit Union.
We want to thank our sponsors for their support, and for their gifts that were raffled. As we prepare for the 2014 convention in San Diego our experience in presenting this convention will give us a good format to follow. We have selected the hotel and will now begin our search for speakers and presenters. Now that everyone is back home, mark your calendars for the next NCOFCU Annual Meeting & Conference October 8-11, 2014 San Diego CA.
We welcome your comments and suggestions and hope you will share those thoughts with us either by the web site or a phone call. We want to contribute to your credit union by being a resource center where we can all share our success and failures with each another. It was obvious in our roundtable discussions we have a lot to share with each another. We will be watching on a national level for an opportunity for the coalition to step-up and present itself with support of an event that will give us national recognition. If there is an opportunity for such an action please let us know what is happening in your areas.
It all starts in the boardroom—but the consequences are felt far beyond it. When Governance Breaks Down, Members Pay the Price Credit unions are built on a simple but powerful idea: they are owned by their members. Unlike traditional banks, where shareholders drive decisions, credit unions are meant to operate democratically—guided by a volunteer board elected by the very people they serve. But that model only works when participation exists. A governance breakdown happens when the people elected to oversee an institution stop truly representing the people who own it. In credit unions, this breakdown doesn’t usually come from scandal or sudden failure. It happens quietly, over time—through disengagement. The Root of the Problem: Low Engagement Most credit union members don’t vote. Board election turnout is typically in the low single digits. In some cases, it’s barely measurable. That means a very small percentage of the membership is effectively deciding who governs an institution th...
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