Enough is enough

How much is enough? California's largest credit union, The Golden 1 CU, just obtained a community charter for 11 more of California's 27 counties! Why leave six counties untouched? I do realize that everyone has differing views of success and obviously differing views of what is good for members. I also find it interesting that a multi-billion dollar asset credit union can mention the phrase "economy of scale." Is Stan Hollen, president/CEO, insinuating small credit unions should become a SEG of the Golden 1 to achieve an economy of scale? I was under the impression that our trade association (CCUL) was to provide that for their clients. It warms my heart that Mr. Hollen, is looking out for everyone's welfare by reminding the underlings that his monopolistic credit union's move into their county won't hurt much! (Yes, I saw the article in the April 3rd issue of Credit Union Journal regarding the Golden 1 funding a technology grant for small credit unions, kind of ironic huh?) It must be noted that the largest credit union in the state of California was conspicuously missing in supporting the CCUL's Statewide Advertising Campaign, which failed to garner enough support from our so-called cooperative movement earlier this year! It is tragic that a once noble movement is quickly becoming its own worst enemy. Give `em hell, smaller credit unions! George Davis CEO California State & FECU