Change seemed inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they were leaving the agency.
Whether Amazon.com’s commercial lending pilot program succeeds will be determined over time and how its underwriting terms stack up against banks, credit unions and others.
Change is inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they’re leaving the agency.
Credit unions shouldn’t look for a nomination to replace Board Member Gigi Hyland soon.
It may be common–and it certainly is permitted under NCUA rules–but debates are beginning to be heard among some credit union experts when it comes to credit union employees (frequently the CEO) serving on the board of directors as treasurer.
Industry experts bat around whether CEO serving as board treasurer is a good idea. Drugs and fraud case is an example. Print story online now.
Call CEO pay the credit union governance hot potato. “This is certainly an increasingly hot topic,” said attorney Michael Lozoff, chair of the credit union practice at Shutts and Bowen in Miami.
Banker opposition to NCUA’s LICU program is ludicrous. Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
Friends, Friday, Aug. 3 will be my final day as publisher of Credit Union Times. The time has come to move on to new challenges and make room for the next generation of professionals.
The so-called cleansing theory – that there are too many underperforming or heavily capitalized small or midsize credit unions that need to be merged by larger brethren – is coming in for fresh debate this summer.