ALEXANDRIA, Va. — If you always do what you've always done you'll always get what you always got.

That was the message NCUA Chairman JoAnn Johnson carried with her to CUNA's Governmental Affairs Conference last week from the agency and to credit unions.

She began her remarks with: "If you have always done it that way, it is probably wrong." That was from inventor Charles Kettering in the earlier half of the last century and Johnson said she believes it applies to NCUA and credit unions today–Prompt Corrective Action, the examiners' Matrix, and lastly bylaw enforcement.

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

  • 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.
NOT FOR REPRINT

© 2024 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.