Elizabeth M. Young LaBerge @ElizabethMYLaBerge@social.coop

If Wells Fargo was a person, it would have been sent to prison for life years ago. #WellsThiefco https://www.cnbc.com/2018/04/20/wells-fargo-agrees-to-pay-1-billion-to-settle-over-loan-abuses.html

@LeoSammallahti @ElizabethMYLaBerge @mattcropp @stefanieschulte #3: Possibly. In the US a wave of banking and younger talent is coming into credit unions. Old timers are retiring. If emphasis is not placed on the specific role, purpose and business model of credit unions with ALL employees, the institution is at risk of getting off track. De-mutualization would be a possible outcome. Another (and more common) problem is a CU that looks talks and feels a lot like a bank.

@LeoSammallahti @ElizabethMYLaBerge @mattcropp @stefanieschulte Speaking from my personal experience with US credit unions, I can only comment on #2 and #3.

#2: As Matt suggested the CEO is selected by the board an the board elected from the membership. Problems emerge in this set-up when the democratic processes of the union are not strong. This can lead to weak or stale boards, and/or CEOs who have outsized power relative to their role.

@GuerillaOntologist @stefanieschulte @ElizabethMYLaBerge @tbeckett Good find!

Crowdfunding to help West Virginia's striking teachers http://feeds.boingboing.net/~r/boingboing/iBag/~3/xJyHntU2FsM/decency.html #boingboing #class_war #crowdfunding #education #GoFundMe #labor #strike_funds #west_virginia

If asked who's responsible for your misfortunes, blame birds. They neither care, nor can they muster much of a defense.

Morning lovely people. Before you do anything, get some food, slug some water and re-up on your meds.

Sure there is plenty of stuff to do today, but put taking care of you at the top of that list.

You’re worth it. And you’re awesome.

@GuerillaOntologist @ElizabethMYLaBerge @tbeckett

Or is there value in keeping it a bit more arms-length? In the past, the mechanism was an elected credit committee before loan officers were regularly utilized.

@ElizabethMYLaBerge @varx Credit unions really need to start working nationally on large-scale services like that. There should be a credit union equivalent to Paypal.

@Greg The association's CEO is a former midwestern R politico who worked for Bush from 2007-9, so I assume there was a "favor to a buddy" dynamic.

Credit unions federation institutions tend to be somewhat conservative compared to the food and worker co-ops, but this is some electric co-op level ish... :(

#MastodonBridge is a simple tool for newcomers to find people who you follow on Twitter who are also on Mastodon: https://bridge.joinmastodon.org/

#introduction #introductions

@ElizabethMYLaBerge I have not, but mostly due to laziness. I need to make a few phone calls and actually get off my butt.

If anyone is interested in geeking really hard on #creditunion #history, this is the master's thesis I wrote in 2011...

#CommonBond #creditunions #FieldOfMembership #coopfinance

https://drive.google.com/file/d/0BwXj8Bi337VzVm9FdURuRUREbzQ/view?usp=sharing