Credit unions could use a charismatic leader right now. Who is going to rallies the troops to get this splintering industry to-well-cooperate
I'm not sure a Black Friday would be such a bad thing. ['Will the NCUA Let Loose a Corporate Black Friday?' CU Times, Aug. 18, page 1.]
In response to Sarah Snell Cooke's column in the June 23 issue ("Mutual Respect for Mutual Survival"), Cooke seems to opine that the problems at the NCUA are at the examiner level. I believe the examiner is merely the symptom and not the cause.
Despite alleging different crimes, the three lawsuits targeting seized corporate credit unions have one thing in common: defendants are arguing plaintiffs don't have the right to sue because the charges are so-called "derivative claims."
In three separate lawsuits that involve U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, defendants argue plaintiffs don't have the right to sue, because charges are so-called "derivative claims."