Art Lehman, CEO of Kokomo Heritage FCU, waxed philosophic about news that Members United FCU's toxic assets performed better than expected but that his CU will not benefit directly.
"That's the joy of being part of a cooperative," Lehman said. "When it hurts, it hurts us all, and when it helps, it helps us all."
Returning gains from toxic corporate assets to the share insurance fund, rather than to the corporate that currently owns them, is like the difference between six and a half dozen, he added.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
