Norlarco's Hamer: Dealt Bad Hand or Saw the Cards?
"It could have been worse," said Bob Hamer, former CEO of Norlarco Credit Union, which has now been completely absorbed by Public Service Credit Union of Denver.
By Staff Writer |
Updated on March 11, 2008
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FORT COLLINS, Colo. — “It could have been worse,” said Bob Hamer, former CEO of Norlarco Credit Union, which has now been completely absorbed by Public Service Credit Union of Denver.
Hard to imagine as it sounds, Hamer said that although he wished he’d had more time to try and save Norlarco, he doubted that the NCUA’s conservatorship could have been avoided. “The sheer number of loans and their geographic concentration made that impossible.”
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