Skip to main content

Thoughts from the October 13, 2009 Chapter Meeting

There were three things that really caught my attention at last night's meeting.

The first was Norman's announcement that he would be stepping down as chapter president after his present term. The other two were things said by our speaker William Coleman.

Norman Hill started the meeting by sharing a few words of how he got involved with credit unions. Thirty something years ago his Papa asked him why he wanted to work with credit unions to which Norman replied that he wanted to learn a little about finances and how the credit union movement works. Since then he's served on several committees and now is part of MDCU's Board of Directors and he's enjoyed every moment of it. Of his hero, Ben Franklin, Norman says, “I, like you, believe in thrift. And I know you believe in thrift or you wouldn't be here tonight.” We'll miss Norman's leadership tremendously. While he and Linda plan to spend some time traveling, I hope we'll continue see him around at chapter meetings and credit union events.

The second thing that made my ears perk up was when our featured speaker William E. Coleman challenged all of us to be fully committed to our credit unions.  He was speaking about using our own credit union's services.  He said, "We need to show total committment.  It's hard to convince others if you yourself are not fully committed.  Members see through that."  He said this at a very time when our latest poll question has to do with how much we use our own credit union services.

The last thing that really caught my attention came near the end when Mr. Coleman shared a most innovative idea that I believe credit unions should certainly look into.  Years of being very active in the local Halifax and South Boston community have given Mr. Coleman a unique perspective on how credit unions can become more involved in a civic role.  He suggested the exporation of ways that our credit unions can formulate a capital pool to address critical capital needs in our region on a non-competitive basis.  In his experience with working alongside local government he noted that big banks are the only ones funding many projects.  He believes that the credit unions of our local chapter should look at ways to amass our collective capital to gain a seat at that table.  It would benefit our credit unions and help our communities to grow. 

What do you think?

Syndicate content