Sitting through NCUA Board Member Gigi Hyland’s 75th anniversary celebration of the Federal Credit Union Act, two things struck me: This isn’t your run-of-the-mill CU celebration, and credit unions should not and cannot run around blaming everyone else for their woes.

First, after many years of attending various functions held by the NCUA, the trade groups and others, I have to say this was the most truly interactive event that held participants’ attention that I’ve ever been to. There were no sacred cows. Topics ranged from supplementary capital to the future of the corporate system to alternative credit unions models from across the globe.

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