Credit union executives are tired and frustrated with the economic situation and recall the good old days of a decade ago when a 1% ROA was practically a given. NCUA examiners are tired and frustrated with the same things. These situations can lead people to speak without thinking or at least use extreme hyperbole.

A blog post by Stephen Nelson, vice president of credit union support at the Utah Credit Union Association, on CUinsight featured an exaggerated scenario between a credit union executive and an examiner where they exchanged words like “idiot” and “fool.” No doubt this may have happened once or twice in the thousands of exams that took place in the last year. Not surprisingly, NCUA Board Member Michael Fryzel disagreed and wrote CUinsight a letter to the editor.

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