A credit union, by the nature of its organizational structure, is owned by the members. Each member is an equal owner, regardless of their balance size, length of membership, account activity. So if you have $25 in your account and Ronald L. Westad, President of the credit union, has over $100,000 in his account, he is not an owner any more than you! Instead, you are both equal owners, each owning 1 share of the credit union. Whereas banks are usually owned by stockholders, a credit union is owned by the people who are members of that credit union. Since the members own the credit union, the employees, such as Mr. Westad, should be working for the member-owners, not against them. Did Mr. Westad forget who owns the credit union?
If you are a part or full owner of an organization, and you are unhappy with the performance of your employee(s), what are you going to do about it? If your employees are not behaving properly, are not working in your interest, or are stealing from you, what are you going to do about it?