Does the NCUA's Office of Small Credit Union Initiatives really help small credit unions?
A response to “Questioning Cost of Small Credit Union Initiatives” (CU Times, April 16, 2014).
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.
Has the NCUA's OSCUI lived up to its promise to support small credit unions? No, according to this letter to the editor.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
U.S. Magistrate Judge Margaret A. Nagle has denied the NCUA’s motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo’s defense attorneys in the ongoing case that was originally filed by seven former WesCorp member credit...
NCUA rebuffed in preventing Kent Buckham deposition, convinces judge not to order depositions from Debbie Matz and Gigi Hyland in WesCorp case.
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.