Mission of CU Rising

Founded April 2010

The corporate restructuring events orchestrated by NCUA are about more than the future of wholesale credit unions or even the current $10 billion expense burden.

How credit unions navigate the broader economic and regulatory changes now
underway will shape the movement for at least the next generation of members. The specific new roles of the regulator, the CLF and NCUSIF will affect the business plans of every credit union, CUSO and all of their support organizations.

The energy generated by the corporate conservatorships has left many managers
and boards tired, resigned or in despair. NCUA’s actions have seriously jeopardized the counter-cyclical efforts of many credit unions. Millions of members needing billions in loans will find their credit union’s capacity seriously diminished due to the instant decline in the capital ratio.

But there is a way credit unions can influence events, not remain spectators. The key success factor is to do what credit unions have always done: join together, learn from each other, speak with a common purpose and act in a timely manner to influence events.That is the purpose of Credit Unions Rising.

Credit Unions Rising will document and follow the extraordinary results the
industry has achieved in the current economic cycle. The vision is to mobilize
individual credit unions into a network to enhance their immediate
counter-cyclical strategic opportunities.

It is a full time job running a credit union. Every credit union has not just a financial interest but also a strategic stake in the direction of the next six month’s events. By supporting this site, you will have the information
to keep your board and members informed and on which to take action.

To launch this project we are proposing a “public consulting project” and are
seeking wide participation. Won’t you become part of this re-awakening of the
credit union movement at this critical time in our members’ lives, our country’s
fortunes and the industry’s future?

Learn how to pledge your support.

CURising Today

December 2010

The nationalization of the corporate system highlights a significant structural
flaw in the cooperative credit union system today. That flaw is that there is no governance accountability structure at NCUA. This credit union movement platform seeks to enhance the role of cooperatives in America’s financial system by supporting efforts to address this structural regulator flaw.

CURising is designed, hosted and content enabled by Callahan and Associates, Inc.