A Simple Solution for NCUSIF Revenue
Chip Filson dives into the numbers to evaluate the NCUA’s management of the NCUSIF, and whether changes should be made to their current investment strategy.
The $3.0 Billion Question in 2021 for Credit Unions and NCUA
“When government gets more money, it wants to spend more,” warned Ed Callahan in 1984. Chip Filson calls on credit unions to hold NCUA’s feet to the fire when it comes to returning AME surpluses to credit unions.
Galicia Named Harper’s Chief of Staff
David Baumann of the Washington CU Daily reports that new NCUA Chairman Todd Harper on Monday announced the appointment of Catherine Galicia as his chief of staff. Before being named chief of staff, Galicia served as Harper’s senior policy counsel.
A Once-a-Decade Opportunity
Chip Filson argues that what the aging Central Liquidity Facility needs is reform that focuses on cooperative solutions to the problems that ail it.
Biden Appoints Todd Harper As New NCUA Board Chairman
On Monday, January 25th, President Joe Biden appointed Democrat Todd Harper as the new NCUA Board Chairman.
NCUA Renewing Streamlined CDFI Application Process
The NCUA will begin accepting applications on Jan. 24 for federally insured, low-income credit unions that want to use the agency’s streamlined qualification process to be certified as Community Development Financial Institutions, reports David Baumann of the Washington CU Daily. The application deadline is April 3.
When It Comes to NCUA Board Appointments, Wariness is Key
CUSO Magazine Supervising Editor Esteban Camargo urges caution when it comes to evaluating new NCUA board member Kyle Hauptman, citing McWatters as a cautionary tale of early promise and a disappointing end.
Hauptman’s First NCUA Board Meeting: A Ray of Hope
Chip Filson reflects on Kyle Hauptman’s first NCUA board meeting, how he chose to break from the script, and what it may predict for the rest of his time on the NCUA.
NCUA Personnel Moves: Cole Retires; Hauptman Hires Sarah Canepa Bang
Announcing National Credit Union Administration staff moves: J. Owen Cole is retiring and Sarah Canepa Bang has been hired by Vice Chairman Kyle Hauptman as his senior advisor, reports David Baumann of the Washington Credit Union Daily.
Chairman Hood’s House Testimony: Members’ Interest Only Matters When Selling to a Bank
Chip Filson wonders whether members’ interests are protected in both credit union-bank acquisitions and mergers, or only the former.
