Commentary

Late summer is a time of transition. Families are wrapping up vacations. Kids are getting ready to go back to school and college. Football practice squads are putting on their gear and hitting the gridiron.

In light of the financial challenges faced by credit unions over the past few years and specifically the increasing interest rate risk that comes with many credit unions borrowing short to lend long, the NCUA has refocused its attention on asset-liability management functions.

Credit union executives are right to be concerned not only about the future of their business, but also of the potential dilution of their brand as new players enter the market.

The use of the term financial will convey that membership is open to every individual and business in our communities and not simply select groups.

From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.

From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.