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Quotes Worth Quoting

"We're not looking for the white elephant out there."

By Staff Writer | Updated on August 05, 2008

“We’re not looking for the white elephant out there.”

–Todd Hoepker, senior vice president, strategy and market development at $122 million NARFE Premier Federal Credit Union on its investment program’s ongoing mission to meet the unique needs of its sponsor, the National Association of Retired Federal Employees.

“We don’t vacillate. We don’t get in a lending game one month and get out the next because we get hit with a repo or two. We had our ALM service do an extensive historical look at our loans and look at each credit bucket and how that grouping has performed. By and large, some people will get you, but majority will not, and it’s at a great yield. C and D paper members do intend to repay, but some have bad habits or run into bad circumstances. It happens. It’s only a car loan, move on.”

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