Henry Wirz

  • Converting CUs Should Not Have to Pay Exit Tax

    I was disappointed that CUNA and NAFCU have taken the position that converting credit unions should pay future corporate stabilization fund assessments. I see this as an exit tax on credit unions. I see it as contrary to the principles of charter choice and free markets. I object to any...

  • Editor’s Column: New Year Rumblings: Some Spoken, Some Not

    What's the NCUA really got to applaud about in GAO rebuke? And that's just the beginning of it.

  • Charter Change to a Bank Does Not Have to Change Service

    I enjoyed reading the letter from Robert J Larison, who was the CEO of Atlantic Coast FCU and then converted to a mutual savings bank [Nov. 9 issue, page 10]. His letter reminds me of Flip Wilson's character Geraldine, who always said, “The devil made me do it.”

  • Alternative Capital: Some See New Threat From CUSO Regs

    For some credit unions, finding ways to create alternative capital can be a daunting and ongoing strategic maneuver.

  • CUSO Change May Threaten Alternative Capital Choice

    SAFE Credit Union CEO Henry Wirz says proposed NCUA rule could limit "growth and success" of CUSOs.

  • Letter: Small Credit Unions Need to Grow Their Memberships

    Regarding “Reports of the Death of Small Credit Unions Are Greatly Exaggerated,” cutimes.com, July 21. I agree with Mike Schenk that the death of small credit unions is exaggerated. Whenever you are talking about such a large group (there are over 6,000 credit unions with under $100 million in assets),...

  • Letter: Good Board Governance

    Henry Wirz wrote an excellent letter regarding the fallacy of term limits for credit union directors [CU Times, June 8, page 11]. He made the argument that there were better ways to select and replace directors in credit unions and that one of those better ways was a good evaluation...

  • Term Limits Are Distraction as Duties Grow

    During the industry debate over board member term limits, regulators have focused on the board's responsibilities, financial literacy, qualifications and, in almost every regulatory letter, made it clear that the board is responsible for more and more of the credit union's day-to-day operations.

  • Capital Plan Seeks to Spark Debate

    I read, with interest, Henry Wirz’s letter in the May 11 issue, “Capital Plan Is a Bust.” First, for clarification, the white paper was not “recently released.” It was released on April 12, 2010. Second, the white paper was released under my and my working group’s authorship.

  • Looking for Meaning by Crunching the Numbers

    Asthe October deadline for hitting key minimum financial ratios draws nearer, more spreadsheets are floating around the credit union industry.

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