I remain intrigued by the symbiotic dance that occurs by and between more sparrows than you can count as they dance across the landscape with speed, grace and fluidity. You’ve seen them – that almost black cloud moving across the blue sky; just high enough to not get in the way, but low enough to strike a level of amazement for those who witness such a phenomenon. Within millimeters of one another they hustle to their next stop, yet they never run into one another. Nothing seems to disrupt their harmony.
Best I can tell, it appears as though a lot of folks in the blogosphere fashion themselves as “thinkers.” As a result, they appear to submerse themselves deep in thought, and then commiserate over a current event with some blather that pretty much reflects their years of experience as it relates to commiserating and blathering.
As a quick review and synopsis of last week’s blog, my belief is that consumer banking costs will go up as a by-product of Senator Durbin’s interchange amendment. Therefore, I don’t want the amendment to pass, and have said as much to whoever will lend me an ear. Some have disagreed with my stance and have called me names as a result. Oh well, my motivation is principled in the protection of the consumer. If that results in name calling, so be it.
Remember, Senator Durbin believes that there should be “negotiation of interchange rates by and between merchants and card issuers.” That appears to be code for “lower the interchange income for banks, credit unions and other card providers in order that retailers can reduce their expenses.” The Senator’s plan is flawed.
For this blog to make more sense than normal, please go back three weeks and read or re-read my blog referencing Senator Dick Durbin’s proposed amendment to the Financial Regulatory Reform Bill currently pending in Congress.
Our new ad campaign is right around the corner. Yeah, you have to freshen them up every once in awhile in order to keep the marketplace paying attention. I’m not going to “steal the thunder” in this blog, but keep your eyes and ears peeled. Let’s just say that the new commercials are like nothing else from a financial institution on TV or the radio. We expect people to take note and join our credit union family. That’s what good commercials do. By definition of being a credit union, the more members who belong to St. Louis Community Credit Union, the more all members benefit.