X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As a friend and long term colleague of Bob Hamer, the former CEO of Norlarco Credit Union in Fort Collins, Colo., I have closely followed the chronology of events that have taken place since August 2006 when he became CEO there:

Within a week of his arrival Bob received a Document of Resolution from the NCUA addressing the deeply embedded risk and inevitable financial loss residing within the residential construction loan program Norlarco commenced in 2001. Bob and his team immediately agreed that no new loans should be issued and pledged to work in cooperation with the regulators.

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?

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.