The chairman of American Share Insurance Corp., the Ohio-based credit union private insurer, reaffirmed the viability of the private system, as one "which is already shown to be working well" and yet the heated rhetoric over comparisons with NCUA is getting wearisome.
"I've already heard too much and I'm getting too old to get involved," confessed William Herring, the long-term elected head of ASI and president/CEO of the $80 million Cincinnati Central Credit Union.
Herring, a member of the CUNA Board and the son of the legendary industry pioneer Louise McCarren Herring, said he understands the concerns of ASI's own management and CU peers in Nevada and elsewhere about deep-seated feelings about preserving private insurance under pointed NCUA scrutiny.
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