There’s an old saying in business, often attributed to Warren Buffett: It takes 20 years to build a reputation, and five minutes to destroy that same hard-earned reputation.We’ll use that Buffett-ism as a jumping-off point to reflect on the fact that credit unions (CUs) have built strong reputations over decades. However, CUs — which now number roughly 5,300 in the U.S. — face pressure to step up technological advances, where inexorable movement toward digital and consumer-focused services can foster a disconnect that, left unaddressed, will turn loyalists fickle.Consider the fact that 49 percent of members want their financial institutions (FIs) to focus on loyalty and rewards programs, yet only 29 percent of CUs said they had focused on loyalty and rewards in the past few years.In the latest Data Drivers, PSCU CEO Charles E. (Chuck) Fagan weighed in on the sense of community CUs wield as a competitive advantage. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Sunday June 30, 2013â€¢12:45 a.m. Jerry L. Fike, 52, Wellington was issued a notice to appear charged with disobeying a stop sign.â€¢1:44Â a.m. Steven R. Berge w/m 45 Wellington was arrested for driving without insurance and speeding in the block N. Woodlawn, Wellington. (bonded)â€¢On June 25, 2013 at 12 p.m. Donette L. Cypert, 51, Wellington was issued a notice to appear charged with disobeyed traffic signal.â€¢4:41 p.m. Earl R. Betz, 83, Blackwell, Okla. was issued a notice to appear charged with speeding 59 mph in a 45 mph zone. (radar)â€¢6:12 p.m. Juvenile female, 14, Wellington was issued a notice to appear charged with driving without a valid driverâ€™s license.â€¢6:12 p.m. Devin D. Oleson, 38, Wellington was issued a notice to appear charged with no Â Â Â seatbelt and allowing an Unauthorized Minor to drive.â€¢9:26 p.m. Officers investigated criminal damage to property in the 400 block N. Olive, Wellington.â€¢9:58 p.m. Joshua R. Kabureck, 33, Wellington was arrested and charged with criminal damage to property/DV (bonded). Wellington Police notes for Friday, June 28, to Sunday, June 30, 2013:Friday, June 28, 2013â€¢9:45 a.m. Weston H. Farley, 21, Wellington was arrested, charged and confined with possession of methamphetamine and possession of drug paraphernalia.â€¢9:35 a.m. Officers took a report of violation of protection order by a known suspect in the 500 block. N. Plum, Wellington.â€¢9:58 a.m. Officers investigated a battery of a known suspect in the 1000 block. W. College, Wellington.â€¢2:09 p.m. Officers investigated forgery and theft by a known suspect in the 1400 block. E. 16th, Wellington.â€¢7:39 p.m. Officers took a report of suspicious activity in the 300 block N. B, Wellington.â€¢9:53 p.m. Officers took a report of suspicious activity in the 800 block W. 8th, Wellington. Saturday, June 29, 2013â€¢12:37 a.m. Officers investigated a theft of a known suspect in the 2000 block. E. 16th, Wellington.â€¢7:26 a.m. Officer investigated domestic battery and criminal damage to property in the 2200 Â Â Â block E. Lincoln, Wellington.â€¢8:21 a.m. Phillip C.R. Vaughan Jr., 43, Wellington was arrested and charged with domesticÂ Â violence, battery and criminal damage to property/DV.â€¢1:20 p.m. Non-Injury accident in the 700 block N. Elm, Wellington involving a vehicle operated by Racheal A. Singleton, 38, Wellington and a parked and unoccupied vehicle owned by Bertha L. White, Wellington.â€¢1:52 p.m. Officers took an animal complaint in the 1200 block N. Plum, Wellington.â€¢3:06Â p.m. George R. Cameron, 18, Wellington was issued a notice to appear charged with careless driving.â€¢10:52 p.m. Steven C. Owens, 31, Wellington was arrested for driving while suspended, no proof of insurance and defective tail light in the 1500 block. N. Washington, Wellington.â€¢11:25 p.m. Sherri G. Anderson, 41, Wellington was issued a notice to appear charged with defective headlight.