Sometimes, during in-depth business planning conversations the question, “are all members equal” arises. It’s a tricky question, and it almost always creates serious debate. For some credit union leaders, the obvious answer is yes, but for others, the answer is “it depends.”
Yes, all members are equal
Credit unions are not-for-profit financial cooperatives. The membership democratically elects directors, and each member gets one share and one vote.
But it depends…
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