As I sit at the Jersey Shore and watch the waves break on the beach, I am reminded how the shifting sands caused by this action in nature mirror what many in the credit union industry have recently faced.  Waves of delinquencies lead to charge-offs, causing capital positions (our beaches) to become eroded and in need of replenishment.

While credit union organizational structures provide many benefits to their members, the ability to quickly raise capital in the marketplace is not one of them. Rather, we must replenish our beaches through other means. As strategy for these other means are developed, it is imperative that the recoveries play a critical role in this replenishment process. In doing so, you can ensure that both short- and long-term member interests are best served.

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