Do You Remember Credit Unions The Way We Used To Be?
in Blog
By: David Frankil, NJCUL President/CEO

Last night I was fortunate enough to participate in the 80th Annual Meeting of Members 1st of NJ FCU, in South Jersey. President/CEO Eileen Crean and her team did a terrific job, with over 140 members in attendance. 

One of the highlights for me was being able to visit with their Board Chair, John Henderson. John’s father Laurence Henderson was member #4 of the credit union, which was known back then as Cumberland Teachers FCU. 

John brought his father’s passbook, from the earliest days of the credit union.

Marissa is working on a more detailed version of their story for our Legacy Series, but I just had to share these pictures. John pointed out the withdrawals during the more lean war years, highlighting the role the credit union played in their family’s personal history. And our members today won’t see any strike-throughs on their accounts when we make corrections. :) 

In financial services, it is easy to get so caught up in the efficiencies of technology that the personal connection can be lost – look at our friends in the banking world.  

What differentiates us is the direct, one-to-one relationship we have with our members.

True back then, and true now.