Mudville Redux: Putting the Regulators on Waivers
At first glance, credit unions and baseball do not have a great deal in common.
One is a cooperative service industry in business to help people-especially the underserved-navigate a complex economy. Those who work in credit unions are a sober bunch who view themselves as modestly paid individuals who often speak of their work as a mission. The credit union industry has branded itself as a champion of the little guy, and that's one of the reasons it came away from the financial overhaul relatively unscathed.
Those differences, however, should not prevent us from examining some of the similarities between the two industries. As a public service on the eve of baseball's post season, let's imagine what it would be like if the NCUA evaluated regulated credit unions as if they were baseball teams. To stretch your imagination even more, let's also contemplate what would happen if Major League Baseball took a page out of the NCUA's playbook when evaluating baseball teams.
Take the Baltimore Orioles. For much of the season, they have been at the bottom of the American League East and at one point had winning percentage of .366. They have not had a winning season since 1998.
Since coming back to the agency last year, NCUA Chairman Debbie Matz has made strengthening the examination process a top priority. She's increased the frequency of exams and ordered the examination staff to be increasingly vigilant to spot trends early on that could cause a credit union to have problems down the road.
If she and Board Members Michael Fryzel and Gigi Hyland packed up their offices and employed their talents on behalf of Major League Baseball, how might they change the operations of our national pastime?