The word is out that Arizona Federal Credit Union has implemented a $3 per month membership fee. That’s right. Members of AFCU must pay $3 every month to enjoy their member/owner privileges. I have to say I was surprised to hear of their decision, and was curious enough to want to learn more about it and the membership response. My brief search led me to a defined opinion on the AFCU decision, and some rather disconcerting conclusions about the state of credit union member-ownership and consumer knowledge of credit unions. Continue reading “Arizona Membership Dues Decision Highlights Industry Challenges”
Glatt Consulting’s Tom Glatt, Jr. and the company’s Credit Union Industry HealthScore were featured on the front page of the December 12, 2012 issue of Credit Union Times. The article, headlined “Half Grapple With Little or No Growth,” focuses on credit union industry membership growth performance in the third quarter of 2012.
We have had an amazing response to our post entitled The Credit Union Membership Growth Problem, a response that has included the submission of a number of questions. Over the next few days we will work to address a few of these questions starting with this one: Are membership growth problems relegated to credit unions of certain sizes? The short answer is…
An information firm catering to the credit union community recently posted online that credit unions grew membership “4.0% annually, faster than their annual pace of 3.5% in June.” This statement was based on an analysis of early filers of 3rd quarter credit union call reports. While this statistic may be factually correct, this information belies the true credit union membership growth experience.
Glatt Consulting founder and strategy consultant Tom Glatt, Jr. was quoted in two separate articles covering credit union issues. The first article focused on membership growth in California credit unions as a result of Bank Transfer Day. The second article focused on the performance and conservatorship of Telesis Community Credit Union. Continue reading “GC’s Tom Glatt, Jr. Quoted in Business Press”