Central Liquidity Facility. It sounds like a conveniently located swimming pool for bureaucrats. It is not that, but what it is is misunderstood–even inside the credit union industry–and right now a debate is starting about the CLF’s role as the industry restructures.
Callahan & Associates President Chip Filson tells president that CUs are important beyond numbers, defends tax exemption
NCUA was the object of more heat this week from an ad hoc group of 32 CEOs and credit union executives submitting a complaining petition to Congressional committees.
The new year has brought some changes at Callahan & Associates as Co-Founder/President Chip Filson has been elected to chairman and Bruce Mancinelli has been named interim CEO.
A law passed by Congress giving the NCUA the power to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury sparked an industry discussion about the agency's assessment process.
The new year has brought some changes at Callahan & Associates as Cofounder/President Chip Filson has been elected chairman and Bruce Mancinelli has been named interim CEO.
There's more to Callahan & Associates than just mining data.
Some credit union executives, anxious for the NCUA to reveal its corporate balance sheet solution, say they fear a pending corporate "Black Friday," during which the regulator places three or more corporates into conservatorship or forces mergers.
Credit union executives interested in learning about the implications of the outside audits of the NCUA released last month can sign up for Thursday's webinar sponsored by the consulting firm Callahan & Associates.
The controversy over whether or not the NCUA was justified when it seized the $876 Arrowhead Credit Union