Tom Davis, NACUSO’s president, speaks regularly on credit union sustainability through business networks and collaboration. After hearing Tom speak recently, I was a little taken aback when another attendee expressed his disappointment and feeling of sadness after the presentation. When asked why, his response, in paraphrase, was, “In a movement built on collaboration and meeting member needs, it is ironic to hear this presentation and realize it sounds like a fresh approach.”

What has happened to the credit union movement? Why are credit unions not sharing best practices with each other? Have the layoffs on Wall Street and the major banks led the industry to bottom line, profit and loss thinking as they hire available bankers to their management teams? Don’t get me wrong, we all manage to a P&L. But credit unions shouldn’t be doing that at the expense of member service. I stand on my conviction that every former banker joining a credit union should be required to become a Certified Credit Union Development Educator. This will provide the foundation and history many of you understand because of your tenure in the movement.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?

Peter Westerman


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.