The harsh rhetoric generated from an online debate sparked by a Michigan CUSO accusing NCUA and major trade groups of being grossly out of touch with the industry's situation continued Wednesday.
At the center of the controversy which began brewing over the Christmas holiday and pushed by the CEO of Grand Rapids-based CU*Answers warning of industry demise or stagnation if internal NCUA polices are not quickly changed, is a petition listing five key areas needing immediate reform.
So far the petition, circulated within CUNA/NAFCU and among the CUSO leadership over the past week, has drawn some 98 listings including CEOs of both big and small CUs. Of the 98, 40 are anonymous.
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