Sure Wish We Could Afford Those Raises
Excellent, NCUA employees to received 5% to 8% pay raises while natural person credit unions are struggling to control expenses. Our employees were given a 1% pay raise this year, and without a dramatic turn around in interest rates and/or an increase in consumer borrowing, we are looking at no raises in 2011. Although we have not had to lay off staff, we are cutting staff through attrition while paying our 2.6M share of NCUA assesments. In my humble opinion, something wrong with this picture.
Annie Corbett, SVP/CFO
Eglin FCU, Fort Walton Beach, Fla.