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41 attend Principles and Philosophy Conference

Monday, November 4, 2019   (0 Comments)
Posted by: Jeff Hardin
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A total of 41 credit union staff and volunteers attended the 2019 Principles and Philosophy Conference. The event educates attendees about the cooperative business model and the social purpose of credit unions and cooperatives.

Staff and volunteers learned the key differences and unique qualities of credit unions at the Principles & Philosophy Conference. The volunteer-led event took place October 29-31 at the Caraway Conference Center in Sophia, NC.

A total of 41 people attended the event, which is a deep dive into the cooperative business model and the Seven Cooperative Principles that differentiate credit unions in the marketplace.

The event kicked off with the Life Simulation, which is a three-hour experiential learning exercise. Participants assumed the role of family members who were struggling to make ends meet. This exercise gave attendees insights into the struggles members face, and presented credit unions as a vehicle for helping members facing these challenges.

In addition to deep-diving the Seven Cooperative Principles, attendees learn the business & social purpose of co-ops and credit unions. Participants leave with a greater understanding of just how special credit unions are, and why the Seven Cooperative Principles are at heart good business practices.

As part of the conference experience, attendees discussed how they see each Cooperative Principle at work in their credit union. The conference is grounded in experiential learning so that attendees can "connect the dots" while learning how other credit unions honor the principles.

Ernest Womack (Duke FCU) portrayed Esau Jenkins, a Charleston Civil Rights leader and founder of the CO FCU. Jenkins is one of seven credit union pioneers highlighted at the conference. Each attendee worked with their respective table group to develop and present a five minute skit to the rest of the class.

Each attendee of the conference is part of a small table group led by a volunteer mentor. Over the course of the conference, these small table groups interactively share and learn the material together.

The conference ended with fun and informative group presentations focused on a credit union pioneer who impacted the movement. Each table group was assigned a pioneer, and the groups presented a skit that educated the rest of the class about their pioneer.

The event is produced each year through the investment of time by a volunteer group of Credit Union Development Educators (CUDEs). Volunteers direct the efforts of the small table groups and teach the material over the three-day event.

The 2020 conference will be held October 27-29 at Caraway. Please contact Jeff Hardin if you are interested in being notified when registration opens, or if would like more information.


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