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Growth strategies.

Recently, I had a lesson hit me in the head about the value of a credit union charter. A few weeks ago, I went into a suburban Philadelphia auto dealership to look at a new car after some strong encouragement from my wife. After she picked out the car, I always like to play dumb when talking to the finance representative. The rep told me about a new credit union they could offer financing through – Members 1st Federal Credit Union. They said Members 1st was great to work with and had attractive rates for its members. Being that I worked at Members 1st for 10 years before joining the world of CUSOs, I was happy to hear the sales pitch. It also got me thinking about a series of events that led to that conversation, and the community charter versus the multiple common bond charter.

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