Henry Wirz

  • Loan Participation Underwriting May Expose Exam Weakness

    For some credit unions, being able to get in a car and drive to a piece of commercial real estate that a member is trying to secure financing for is a pivotal part of the lending process. Scoping out the area where that strip mall or office building is located...

  • Charter Change to a Bank Does Not Have to Change Service

    I enjoyed reading the letter from Robert J Larison, who was the CEO of Atlantic Coast FCU and then converted to a mutual savings bank [Nov. 9 issue, page 10]. His letter reminds me of Flip Wilson's character Geraldine, who always said, “The devil made me do it.”

  • Alternative Capital: Some See New Threat From CUSO Regs

    For some credit unions, finding ways to create alternative capital can be a daunting and ongoing strategic maneuver.

  • CUSO Change May Threaten Alternative Capital Choice

    SAFE Credit Union CEO Henry Wirz says proposed NCUA rule could limit "growth and success" of CUSOs.

  • Letter: Small Credit Unions Need to Grow Their Memberships

    Regarding “Reports of the Death of Small Credit Unions Are Greatly Exaggerated,” cutimes.com, July 21. I agree with Mike Schenk that the death of small credit unions is exaggerated. Whenever you are talking about such a large group (there are over 6,000 credit unions with under $100 million in assets),...

  • Term Limits Are Distraction as Duties Grow

    During the industry debate over board member term limits, regulators have focused on the board's responsibilities, financial literacy, qualifications and, in almost every regulatory letter, made it clear that the board is responsible for more and more of the credit union's day-to-day operations.

  • Capital Plan Seeks to Spark Debate

    I read, with interest, Henry Wirz’s letter in the May 11 issue, “Capital Plan Is a Bust.” First, for clarification, the white paper was not “recently released.” It was released on April 12, 2010. Second, the white paper was released under my and my working group’s authorship.

  • Alternative Capital Plans Are a No-Go from the Word Go

    NCUA recently released a white paper on alternative capital. The question most people ask is whether credit unions will ever get alternative capital. I think the more interesting question is whether credit unions can make alternative capital work in a member-owned cooperative. I would say the answer is that alternative...

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