A month or so ago I was asked to do another Q&A session for the Metropolitan Area Credit Union Management Association, but after I agreed I was told that the NCUA, which was to have a representative on a panel regarding the legacy asset plan, did not want to follow that format. I was a bit miffed initially-not at the disinvite but that the agency wasn’t willing to take questions before the group.

However, NCUA Director Larry Fazio surprised me (somewhat pleasantly) when he threw the floor open to the audience to ask questions. He drew quite a few audience questions, many of which were pointed. It was good that the group had the opportunity to get at exactly what was on their minds-to a point. I think it did add some to the NCUA’s credibility, and Fazio very obviously knew what he was talking about in responding to the questions.

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