BankThink

It is more important than ever that credit union boards understand how their decisions can be judged.

If I had told you three or four years ago that in September of 2010 NCUA would be making a major announcement related to corporate credit unions, you would have told me "Stop right there, I already know what it will be, sure as John McCain has the presidency in 2008 all locked up."

Today's economy demands your credit union be thoughtfully, skillfully managed. And as the adage reminds us: You can't manage what you don't measure.

Though the CARD Act may be expected to hurt banks more than credit unions, we should not take that as a reason to be complacent.

Although faxing a document to a member asking for "wet" signature has worked great over the years, there is still one huge problem that remains — and that's paper.

As a member of the CUNA board of directors who approved the hiring of Bill Cheney that we took his service on the US Central and WesCorp boards into careful consideration.

A credit union executive writes to concur with the Sept. 6 letter-to-the-editor, Fold NCUA's Tent Before Regulator Folds CUs."

Legacy assets. In the fine tradition of "deferred success" and "convenient terms," yet another euphemism aimed at telling it like it isn't.

The window of opportunity for credit unions to convert casual members to become their primary financial services provider is slowly closing.

Anyone who has ever had an NCUA examination and experienced a disagreement over their level of loan loss reserves can appreciate the reasoning behind NCUA's recent assessment.