At the recent NAFCU Congressional Caucus, Chairman Debbie Matz expressed a plan for regulatory improvement by NCUA. She addressed possible changes in certain regulations and a desire for a more open and transparent process that will allow for the credit union industry to know well in advance what rules are being reviewed or proposed so that there is adequate time for research, review and comment.

Regardless of the subject of the speech by the chairman of the NCUA, there is always an immediate analysis of the words spoken and an analysis of what was said. Similar to when the president speaks and immediately following, the news commentators tell us what they believe he really said. Chairman Matz's speech has been similarly dissected and analyzed.

Not to say that individuals should not express their views on any subject affecting credit unions, the more dialog the better. However, a more realistic and cautious approach would be to take a wait-and-see attitude as a number of commentators have. They believe the proof is in the pudding.