When It Comes to Changing Insurance, the NCUA Should Be a Simple Vendor, Not a Customs Agent
Why is it that NCUA dictates the rules for switching to private insurance for credit unions that are chartered by their state, not federally? Vic Pantea thinks that should change to give credit unions and their states more autonomy over their insurance choices.
NCUA Charters Its First New Federal Credit Union This Year
David Baumann of the Washington CU Daily reports on the first federal charter granted in 2020.
Hauptman: Provide Incentives for Credit Unions to Become Minority Depository Institutions
David Baumann reports on Kyle Hauptman’s statements and answers to the Senate Banking Committee, including opinions on credit unions’ status as MDIs, overdraft policies, and virtual examinations.
Thoughts on Mergers: The Tallest Candlestick Ain’t Much Good Without a Wick
Is the race to merge folly? Chip Filson believes that by discarding member focus and legacy for the sake of growth we undermine the public’s faith in cooperative design. And that might spell disaster for credit unions in the long run.
The Cooperative System’s Unique Capabilities In a Crisis
Cooperatives are uniquely positioned to respond well to crises thanks to their ownership structure and mission. But responding well takes more than just that. Chip Filson details what credit unions and their leaders need to do in those situations.
Central Liquidity Facility: The One Thing Necessary
If the Federal Home Loan Bank (FHLB) and Central Liquidity Facility (CLF) are both “lenders of last resort” why is the CLF deemed so unappealing? How is the FHLB system so much more relevant for credit unions than their own liquidity backstop? Chip Filson might know why.
NCUA’s Leadership in an Emergency
What is the role of the NCUA in an emergency? Chip Filson argues that the less they involve themselves, the better off the industry will be.
Recapping the May 2020 NCUA Board Meeting
What happens when a board chair takes for granted the votes he receives in his favor? Vic Pantea deliverers notes on the May NCUA Board Meeting and wonders what went wrong for Chairman Hood as the board voted on an interim final rule concerning credit union overdraft policies.
The Cost of Not Learning from Our Brethren’s Mistakes
Covering three recent examples of various losses and corruptions within the credit union industry, Chip Filson argues that while the NCUA is focusing on “correcting” mistakes, there is a distinct lack of needed discussion and learning taking place.
NCUA Approves Bloated Budget Without Adjustments for Industry Complaints
Is the NCUA’s comment period just a dog and pony show? Vic Pantea might think so. He recaps the NCUA’s December board meeting and the approval of a budget that didn’t factor in complaints from the industry.
