Henry Wirz

  • Liquidation Is the Worst Option

    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...

  • Merger World Is Topsy-Turvy

    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.

  • Loan Participation Underwriting May Expose Exam Weakness

    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...

  • Calling for Kermit

    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.

  • Letter to Editor: Release Those CAMELs

    I was very happy to see both Chip Filson and Jim Blaine support the release of CAMEL ratings (CU Times, Jan. 25, page 1).

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

    At the beginning of each year, pundits rely on the old trusty trends they saw over the last year, what they see for the coming year and New Year’s resolutions. That’s what readers expect and there’s a comfort in getting what you expect.

  • 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.

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