“What gets measured, will get done” is a motto that has well served Jan Roche, president/CEO of State Department Federal Credit Union in Alexandria, Va.
First, Bauer Financial already risk rates credit unions for free. Any member can check it out. Second, slippery slope. Once people start releasing this information, those that don't will be suspect of hiding something.
In this Print Preview from our Feb. 29 issue, credit union people answer this question: "Should CAMEL ratings be disclosed?"
Credit union employees and others interested in learning about troubled debt restructuring and the accounting challenges they pose can participate in the NCUA's webinar on the topic this Thursday.
At the same time Pawtucket Credit Union has seen membership and assets swell, it has faced the challenge of helping members struggling through a time of high unemployment.