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Billion-Dollar FCU Execs Duke it Out in Callahan's Report on CUNA-NAFCU Merger

One prominent credit union leader has said that NAFCU is past its prime while another values the unique voice that represents solely federal credit unions.

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WASHINGTON — One prominent credit union leader has said that NAFCU is past its prime while another values the unique voice that represents solely federal credit unions.

Bucky Sebastian, president/CEO of $2.2 billion GTE Federal Credit Union, is calling on NAFCU to merge with CUNA. The former NCUA executive wrote in an op-ed for the August 2007 Callahan’s Credit Union Report that NAFCU “fulfilled its mission long ago” and its existence is “presenting more debits than credits,” literally and figuratively speaking. Sebastian was unavailable at press time for further comment.

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