Can anyone tell me how you determine your membership count? Is it a member with a $5 share account, $5 share draft account, a member with a loan with no savings, or a member with just a CD? Why am I asking? Everything our trades charge us for is based on asset size and member count. Any seminar, annual dues, services, or anything they do. Even our computer service provider charges by assets/member count for annual license fees. Not only that, many trades even charge more to go to a seminar if you don't belong to a separate association within their association, e.g. HRD Council, Marketing Council, and other types of groups. I just don't understand it. If you have a product or service to sell, why don't you base it on the cost of the product or service, plus a reasonable profit margin? No, they base it on the credit union's ability to pay. For us, it means less attendance and maybe scrutinizing more thoroughly what I'm paying for. L.L. DeCarlo President/CEO Pacific Marine CU Camp Pendleton, Calif.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.