X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

I was very disappointed to read the negative comments regarding indirect lending made by NCUA Chairman Debbie Matz in her speech at the town hall meeting in San Diego [CU Times, Oct. 14]. I believe that these sorts of remarks reflect a bias against indirect lending that leads to a disproportionately negative focus by NCUA examiners. What is even worse, publicity about such remarks and reports of arbitrary or even irrational examinations of indirect lending activity leads many credit union executives, whose credit unions could benefit greatly by well-run indirect programs, to decline even considering implementing one. This in turn negatively impacts the strength of credit unions overall and is likely to impede the recovery of the automobile industry.

Peter Westerman

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.