I always feel that I, a tenured college professor, have a lot in common with employees of mutual thrifts and credit unions. None of us are continually threatened with demotion, punishment, or dismissal on the basis of numerical performance standards, as employees of stockholder owned organizations frequently are.

As a tenured professor, I often use outrageous examples in my teaching and will skip deadly, useless meetings, thinking: What can they do to me? Executives and directors of mutual financial institutions often work with the same confidence.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.