The California/Nevada Credit Unions League, embarking on what looks to be an innovative approach to member cooperation, is getting serious about sharply cutting internal costs in such areas as legal, payroll, benefits and vendor expenses.
"Yes, we decided that if we expect to survive, we have to stop talking about collaboration among credit unions and really start doing something concrete right away," declared Diana Dykstra, former chairman of the league and president/CEO of San Francisco Fire CU.
The move to create joint, cost-saving ventures among participating CUs will be the task of a newly-formed, nine-member "Collaboration Committee" set to "flush out some business plans" in key operation areas by Sept. 15, said Dykstra.
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