It was George E.P. Box, the eminent statistician, who said, “Essentially, all models are wrong but some are useful.”
A rising tide, especially an economic one, raises all boats, as the saying goes. Third-quarter economic trends found U.S. credit unions swiftly sailing toward a much brighter horizon, according to Callahan & Associates.
The consulting firm's third-quarter Trendwatch webinar reveals strong growth.
A provision in the risk-based capital proposal gives NCUA examiners more authority.
As May 28 comment deadline looms, reaction runs deep to risk-based capital rule from NCUA.
Read why industry leaders think parity of Basel III is inappropriate for credit unions and what the NCUA should do instead.
As written, the NCUA's risk-based capital rule tilts the playing field toward banks.
Callahan & Associates Chairman Chip Filson and his Co-Ops for Change campaign challenged the NCUA's audit of the National Credit Union Share Insurance Fund's 2013 financial statements.
Callahan webinar highlights rule's flaws, including clause that allows for subjective examiner judgment on capital.
Callahan chairman says financial statements display flawed methodology.