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CU Snapshot

 Aug '17Jul '17
# of CUs5,708 5,893
Members
(millions)
112.7112.2
Total Assets
($ billions)
$1,372.1$1,383.7
Total Savings
($ billions)
$1,158.6$1,165
Net Cap.
Assets
10.8%10.7%
Loans to Savings82.3%81.5%
Loan Delinq.0.8%0.7%

         Credit Union Indicators

Consistency of Purpose

Commitment is at the core of every successful business.

Former Ford Motor Co. CEO Alan Mulally keeps things in perspective: "There are more important things than picking out a car."

"It's too easy to get it in our heads that it's all about us," Mulally said at the America's Credit Union Conference and World Credit Union Conference. "But it's not about us. It's an honor to serve. The biggest change in mindset is moving from ‘I' to ‘we.'"

Commitment is at the core of every successful business, Mulally said. "You have to commit to each other, with the idea that we'll do whatever it takes to succeed. If your work environment isn't safe, you won't have high performance."

Consistency is another key to leadership success, according to Mulally. "The most important thing as a leader is consistency of purpose—not changing the plan every week. Then everyone is in one place and knows what to do."

The central character in "American Icon," a book that chronicled Ford's rise from the ashes, praised credit unions for being "my kind of people" because of their focus on service and helping consumers.

"You're all about the people," Mulally said. "You're not about the ‘haves,' you're about everyone. You should feel the love because what you do is important."

(Via news.cuna.org)

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