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NCUA and Gentile Miss the Point About FCU Bylaws Disputes

Both the NCUA and the Credit Union Times' Editor/Publisher Paul Gentile are missing the point about credit union bylaw disputes. Who enforces the FCU bylaws, the courts or NCUA, is secondary to the core question of why does NCUA empower a mere handful of disruptive dissidents to petition for a...

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Both the NCUA and the Credit Union Times’ Editor/Publisher Paul Gentile are missing the point about credit union bylaw disputes. Who enforces the FCU bylaws, the courts or NCUA, is secondary to the core question of why does NCUA empower a mere handful of disruptive dissidents to petition for a special membership meeting in the first place? If NCUA’s standard bylaws allowed federal credit unions to require a responsible 10% of members to petition for these special membership meetings like so many state statutes and bylaws do, then governance-threatening disputes requiring enforcement would become extremely rare.

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