Without Competition, Has CUNA Mutual Become Too Powerful?
I think CUNA Mutual is too successful for the good of the credit union industry.
What if 75% of credit unions used a single security systems company? Imagine the power that single company would have. Let's assume that single security company did a great job, year after year. Is that really healthy for the credit unions?
Most of us would not buy a car without talking with competing dealers. At the very least, we do some checking to be sure we don't over pay. Why buy insurance without competition?
A business sector without competition leads to complacency-complacency by the buyer and by the seller. If the only experienced insurance person who sees your insurance is your agent, how can other approaches be considered? Where do options and alternatives come from? Is a particular insurance agent's approach really the best approach just because it is her approach?