Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NCBA Celebrate co-op principles as a business advantage
COLUMBUS, Ohio (May 9, 2008)--Credit unions need to celebrate their cooperative principles, which represent a significant business opportunity in a world in which people are yearning for something with which to connect. Paul Hazen, president/CEO, National Cooperative Business Association, delivered this message as a keynoter at the Ohio Credit Union System ZENITH08 conference, held April 24-25 in Columbus (eLumination May 7). “While the cooperative model isn’t perfect, it’s better than all of the rest,” Hazen said. Credit unions and other cooperatives must ensure that their unique principles are put into action every day to deal with an increasingly complex and competitive business world, he added. Fellow keynoter Carol Schillios, businesswoman, humanitarian and winner of credit unions’ highest honor--The National Credit Union Foundation’s 2007 Herb Wegner Award for Individual Achievement--emphasized Hazen’s point by sharing her experiences of putting credit unions’ cooperative principles to work in some of the world’s neediest countries. “Credit unions are the only financial institution exporting democracy,” Schillios said. “People who can’t say anything [due to political or social situations] can have a voice in their credit union. The power of decision is afforded to anyone.”
Other Resources

RSS print
News Now LiveWire
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
23 minutes ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
1 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
2 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
2 hours ago
New video from @mncreditunions Minnesotans share why they love their #creditunions http://t.co/ywfHfVcqm4
3 hours ago