http://thefinancialbrand.com/12132/how-small-is-too-small/ Ideas and insights for financial marketers. Fri, 24 May 2013 22:58:56 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://thefinancialbrand.com/12132/how-small-is-too-small/#comment-6926 John H Marsh Tue, 08 Jun 2010 16:51:23 +0000 http://thefinancialbrand.com/?p=12132#comment-6926 There are cu’s with less than $1 million that provide valuable services to their members. Many are volunteer run, have allmost no overhead costs, and can make small loans at really great rates.
I have one in mind that did a great job for the members. OK, so it is now closd due to their sponsor closing. So what! The members did not want anything but small loans for a short time at a great rate. The c u did this very well and the members loved it. When it closed there was enough capital left over to pay a special dividend . There was no cost to NCUSIF. There are enough cu’s of all asset sizes that are not viable.
A viable c u is one that is meeting the needs of the members and is maintaining required rerserves. I suggest we applaud all credit unions who are doing this.

]]> http://thefinancialbrand.com/12132/how-small-is-too-small/#comment-6922 CU Water Cooler » Blog Archive » CU Water Cooler 6/8 Tue, 08 Jun 2010 11:30:43 +0000 http://thefinancialbrand.com/?p=12132#comment-6922 [...] • Death panel for America’s smallest credit unions? [...]

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