Though flawed, Wagner’s article does accurately reveal an uncomfortable truth: Like any successful industry, credit unions are in need of some reflection and soul searching to ensure they are walking their talk.
Article wasn't the first time new board member Metsger's relationship with industry raised eyebrows.
Transaction Account Guarantee extension suddenly seen as unlikely, raising questions about member business lending cap tagalong.
The NCUA took an active approach to shoring up credit unions and consumers affected by Hurricane Sandy, making use of field examiners who placed phone calls and sent emails to their assigned credit unions in attempt to survey the damage.
NCUA spokesman says many agency staff working at home as D.C. area still largely shut down.
Four years ago, our nation was thrown into the deepest economic morass since the Great Depression. No question, the situation was dire. People lost their jobs and their homes. Banks and companies closed. Government officials scrambled to help bolster our fragile economy.
Last year, 29 NCUA employees made more than $201,000, an increase from 25 the year before, according to agency records.
Last year, 29 NCUA employees were paid more than $201,000 each. Get the full story in this Print Preview from next week's Credit Union Times.
Now comes the hard part. As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
Sen. Olympia Snowe (R-Wash.) says Small Business Lending Fund "not an effective use of taxpayers' money."