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Conference 7.286::dcu

Title:DCU
Notice:1996 BoD Election results in 1004
Moderator:CPEEDY::BRADLEY
Created:Sat Feb 07 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1041
Total number of notes:18759

804.0. "Positive feedback that I've been receiving" by SMAUG::GARROD (DCU Board of Directors Candidate) Thu Mar 31 1994 22:28

    Lately as I've been campaigning during my lunch break for the DCU board
    I have been very heartened at the postive response I get from the vast
    majority of DCU members. It seems that the philosophy of no punitive
    fees and the back to basics approach that Phil, Chris and myself
    espouse is what people want.
    
    I'd like to share with everybody a couple of mail messages I have
    received. I asked both of the authors whether I could post these
    anonymously, both gave their permission. My gut feeling is that a lot
    of the membership has similar views.
    
    Dave
T.RTitleUserPersonal
Name		DateLines
804.1Fed up with the attacks on the membershipSMAUG::GARRODDCU Board of Directors CandidateThu Mar 31 1994 22:3023
From:	xxxxxx::yyyyyy
To:	SMAUG::GARROD

I will stay a member just long enough to vote for you, but I've had it with this 
credit union.  I'm moving my savings to another credit union, because of the 
checking fee, and the shortsighted policies of the current board.  I've talked 
to the people at the credit union office in Colorado Springs and back East, and 
all they can do is defend the current policy.  

I closed my checking account, since it was only used to transfer money from my 
savings to my checking account when I needed it.

The credit union does not seem to care that you support the credit union by 
depositing a weekly amount into savings that exceeds the amount they currently 
require for checking.  I would think that money in savings would be more likely 
to stay in savings, than money in a checking account, and would therefore 
provide a more stable base for loans.

Going through this attack on it's membership twice in the last several years is 
enough for me to know they do not value my support as a credit union member.

Wish you the best in the election.
804.2In favor of root valuesSMAUG::GARRODDCU Board of Directors CandidateThu Mar 31 1994 22:3163
From:	xxxxxx::yyyyyy
To:	SMAUG::GARROD

BRAVO, David!

Thank you for putting action behind conviction and running for election to the 
DCU Board of Directors.  Phil Gransewicz has been a "voice crying in the 
wilderness" for too long!  I will support ANYONE who will commit to the 
membership to return the DCU to its root values and eliminate a caste system 
which perpetuates reward to the rich and buries those least able to tolerate 
incriminate costs!  

My personal opinion is that those with enough money to be "above" the 
current fee system are not usually interested in maintaining membership for 
the greater good of the credit union, they merely want to increase their own 
wealth.  They will pull their deposits without a second thought if there is 
more money to be made (and better tax shelter) elsewhere.  The DCU is only 
a stop-over in their greater financial journey.

Those of us caught in the economic trap created by the insanity of the 80s 
are dangerously close to self-annihilation!  We stay with the DCU because it 
is the ONLY place we can get a break and possibly begin to come out from under 
our financial distress.  The more they make it possible for us to survive, the 
more business we return.  I originally had only a savings account to accommodate
direct deposit.  I now also have a checking account with an attached credit 
line, a car loan, and a savings account in trust for my daughter. 

I would transfer my VISA balance, if I could get approval. If I am paying on 
time to another bank that has no problem with my credit record and I am willing
to have my payments payroll deducted, why is there a problem with "risk 
ratios"?  I've already BEEN paying regularly on an established account 
which I'm closing to transfer the balance and provide the DCU with additional 
funds from interest collection?  

I would even like to get another loan (car or personal) to buy a second, used 
car for my daughter.  But no one will talk to me about a creative approach to 
"making things happen" if I don't fit into the little ratio box.  What good is 
an excellent credit record, if ratio is the deciding factor?  Doesn't it stand 
to reason that I might be a better credit risk at 40% ratio with a 25 year 
history of always paying my bills, than someone at 30% with a history of 
defaults?

This is all business I am willing to and want to do with the DCU because I know
by supporting it, I support myself.  I truly believe in the principles of the 
credit union.  But, I find that before my very eyes, those who have promised 
otherwise, have changed MY credit union into the bank I DIDN'T choose or want!  
AND have become as inaccessible!!

You probably got more than you bargained for with this response and don't 
even have time to read such a lengthy one, but I was inspired by your message 
and the congregate belief statement because it has been a long time coming.  I 
hesitate to again BELIEVE that those in a position to become DCU Directors can 
and will do what they promise in returning the DCU to its basic principles.  
But I AM a believer, because that IS what being a DCU member is all about; and 
it's that inordinate belief system which created the DCU in the first place!    

Thank you for caring enough to represent the greater good and good luck.  I 
will be supporting you, Chris Fillmore-Gillett, and Phil Gransewicz with MY 
vote, for what it's worth, and will encourage others to do the same.

Best regards,

xxx