“I hope the Small Business Committee knows the SBA is working in good faith to have a new accounting system in place by April. Congress should keep an eye on this project. We intend to satisfy their concerns.” -Mike Stamler, spokesman for the Small Business Administration, commenting on the GAO report on the SBA’s accounting anomalies and loan asset sales. “We thought we had to take some sort of action to lower the barriers of entry to expose members and credit unions to the product. Aggregation will never be successful if you don’t get the availability to the member. The cost and value proposition has been questioned at the financial institution level.” -MEMBERS Development Company CEO John Henry on the company’s pricing changes that it is counting on to spur more interest in aggregation. “The bottom line is that defense credit unions are always training alongside their members, getting ready to help in just this sort of circumstance. We train in peace to be ready for war.” -

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.