Credit Union Management

The World Council of Credit Unions gained a member and lost a leader at its annual conference in Glasgow, Scotland.

PORTLAND, Ore. — When a loan officer was arrested and charged with participating in a business loan kickback scheme that ultimately led to AEA Federal Credit Union’s conservatorship in December 2010, the cooperative’s outcome looked bleak.

As Jack Antonini approaches the one-year mark since taking the helm at the National Association of Credit Union Services Organizations, the former bank CEO marveled at the number of collaborations CUSOs frequently engage in.

In the 15 years or so prior to his retirement, former NCUA Chairman and Patelco Credit Union President/CEO Ed Callahan probably told me at least 100 times that if one or more credit unions can work together to bring better delivery channels, services or prices to their members then they...

Trade association executives utilize ongoing, galvanizing issues to keep their constituencies riled up, to keep money rolling in, to insure attendance at conferences and to get credit union volunteers to hike their hills. Our fears ensure their job security. All trade associations do this, not just ours.

With the NCUA turning up the heat on monitoring how CUSOs are conducting their operations, another area could be ripe for more scrutiny.