Even if the NCUA is not disclosing comments made by credit unions and interested parties regarding its corporate assessment prepayment plan, First Entertainment Credit Union CEO Charles Bruen was not at all shy about sharing his letter addressed to NCUA Board Secretary Mary Rupp with the press.
Guest blogger Charles Bruen, CEO of First Entertainment Credit Union, questions the choice of Elizabeth Warren to head up the formation of the Consumer Financial Protection Bureau.
Why would a credit union want to offer little-known, highly specialized accounts that often carry very small balances, could sit on the books for more than a decade, and aren't a real profit center?
On May 20, I posted remarks on BRUEN Credit Union Blog (www.cbruen.com/blog) about the failure of a very small 213-member, $175,000-asset and, surprisingly, 50-year old credit union with a delinquency rate of 40%.
Are any credit unions really "too small to exist?"
Problems at corporate credit unions aren't driving a mass exodus of members seeking other providers.
Corporate credit unions losses aren't driving a mass exodus of members to seek alternatives.
This is my 20th anniversary in the industry as well and it's not lost on me just how little I knew about credit unions that first morning at First Entertainment Credit Union