When Filene and Bergengren sowed the seeds of cooperation as a guiding principle to a nascent movement of credit unions back in the 1930s and 40s, they engendered within our system a distinct power and ability to grapple with change, to adapt and to survive.
Although there are some who I’m sure will argue that such a power does not exist, given ongoing mergers and all the recent failures, I contend that it is quite alive and in fact even thriving.