The NCUA has consistently swept its oversight failures beneath a rug woven with our members’ money. And, to add insult to injury, the NCUA simply shuffled the deck and some of the responsible parties have either showed up in different roles within the agency or been promoted. Now, if you or I had been as grossly negligent in running our CUs as the NCUA has been in the oversight of many failed CUs as well as our corporate network, we would have been forced to accept our fate and fall on our sword.

It is long overdue for the voices of credit union leaders to be heard in unison. We can no longer allow the NCUA the luxury of paying off its mistakes with our members’ money without any consequence. Therefore, I am one of many of you who have lent your signatures to a recent petition calling for greater congressional scrutiny of the NCUA. (More details from the petition can be found at

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.