Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.