If it weren't for an OSCUI economic development specialist, this credit union may have failed.
The leader of a $13M Texas credit union tells how the NCUA's OSCUI saved his shop.
Stuart Perlitsh, president/CEO of the $336 million Glendale Area Schools Federal Credit Union in California, wrote a Letter to the Editor criticizing NCUA spending on its Office of Small Credit Union Initiatives and questioning its return on investment.
Three more credit unions have signed on with broker-dealer INVEST Financial Corp.
Members of the so-called “silent majority” of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.
Credit union "silent majority" cited by bank lobby speak up against MBL cap hike. In-depth look in this article from next week's print edition.
ICBA, ABA letter restates opposition to S. 2231, says "silent majorit"' of credit unions oppose raising MBL cap and again calling it a "power grab."
Most credit union leaders decline comment on order against failed corporate leaders but some criticism emerges.
Call the NCUA suit against WesCorp’s outside directors the warning shot that, whether the NCUA wins or loses that case, makes clear one fact. Serving on a credit union board involves risks, responsibilities, accountability and losses when the job is not done well.
In a complicated ruling last week, Judge George Wu opened a door that had seemed closed, by agreeing to allow cases against WesCorp's outside directors to proceed.