Come 2030, credit unions will be in business serving up some kind of financial services, essentially one generation removed from today. However, getting there will be as wrenching—as full of dislocations and pains—as was the shift from 1950s-style credit unions with no share drafts into today’s full-service financial supermarkets.
Apple Federal Credit Union has become the first large credit union to leave CUNA this year.
I think that Newt Gingrich may be right about credit unions being government-sponsored enterprises. Consultant Dennis Dollar and others have criticized the presidential candidate and former speaker of the House for describing credit unions as GSEs.
Credit union consulting firm Dollar Associates LLC announced last week that it will add executive recruiting to its list of services offered to the credit union industry beginning in 2012.
Presidential candidate again misspeaks on credit unions, raising question if its intentional or lack of understanding. Either is troublesome.
Executive recruiting has been added to the list of services offered by the Alabama consultancy run by former NCUA Board chairman Dennis Dollar.
Heading through the Beltway traffic on my way to the NCUA offices in Alexandria, Va., as the acting chairman of the agency on Sept. 11, 2001, I learned from radio reports that two of the World Trade Center towers had been hit by commercial jets–obviously no coincidence.
Acting NCUA chair was on the Beltway when the tragic events of that day began to unfold.
The industry debate over term limits for directors surfaced anew last week with Unitus Community CU of Portland, Ore. announcing that it has adopted new guidelines to deal with the sensitive matter.