Editor’s Column: Directors’ Frustrations Cloud Hawaiian Sky
Amid the sun, sand and waves on the Wailea Beach of Maui, something evil lurked last week at The Paragon Group’s Volunteer Leadership Conference. It wasn’t far below the serene and relaxed surface and without much effort it managed to swallow the ballroom whole. That beast was palpable in the air. That menace to credit unions is pure frustration.
Perhaps because volunteers are not always as attuned to industry politics as the professionals, unadulterated passion ruled the day. Attendees were spitting bullets and seemed ready to pummel various matters, and a few people, that got in the way of slaying the beast.
Another frustration that was aired and I wholeheartedly agree with was complaints about the inconsistency across examinations. One instance was shared by a credit union director where examiners told a credit union to form a committee to oversee all the loans running through the credit union, and the next year the examiners asked why the credit union was doing that.
This type of about face is a waste of credit union time and resources. Frustration at what is perceived as busy work can make a competent, dedicated credit union directors throw their hands up in the air and wonder, what am I really doing with my time when the regulator does not appear to have a handle on what it expects from credit unions?