If you're old enough to remember "Monty Python's Flying Circus," you've probably been around the credit union movement long enough to have seen some pretty dramatic changes. Perhaps Monty Python's segue, "…and now for something completely different" is an appropriate perspective for credit union boards and managers as they look to the future.
Let's recap some recent events to set the stage for what comes next.
The U.S. economy falls apart-in an election year. The economic collapse and subsequent rush by politicians to shore up the economy caused a tectonic shift in the financial services industry.
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