CAMEL scores are an NCUA cathartic to purge troublemakers and leave only the peace-loving, brain-dead, grade-grubbing teacher pets that they wish to control with the assignment of a grade.
My credit union lost $23 million when WesCorp failed so I can say I have 23 million reasons to want CAMEL ratings disclosed.
The decline in the number of small credit unions is very visible. I just finished an analysis of the local credit unions in my service area, and I think I have found some interesting information that may explain what is happening. I looked at the last five year period, June...
Nader Moghaddam, president/CEO of Financial Partners Credit Union in Downey, Calif., has been appointed as a director on CU Direct Corp.’s board.
I read with great interest Edward Speed’s Guest Opinion [July 18 issue, page 12]. I appreciate Speed sharing his thoughts about regulators, trade associations, CUSOs and business lending. We need to dialog about the issues we face so that collectively we can make the right decisions.
A board of directors has the option to merge, convert or liquidate the credit union. The option to liquidate was proposed by Bill Brooks as a good option that allows members to realize their ownership interest in the credit union, [Guest Opinion: “Merger or Convert? Consider a Third Option,” April...
The merger game – its timing, procedures and practices – is coming in for new scrutiny and debate this month among a coterie of analysts and top credit union CEOs.
For some credit unions, being able to get in a car and drive to a piece of commercial real estate that a member is trying to secure financing for is a pivotal part of the lending process. Scoping out the area where that strip mall or office building is located...
In just two nights volunteering on the phone bank SAFE Credit Union staffers recently helped raise more than $15,000 for Sacramento’s PBS TV station KVIE.
I was very happy to see both Chip Filson and Jim Blaine support the release of CAMEL ratings (CU Times, Jan. 25, page 1).