Jim Blaine, CEO, State Employees CU, Raleigh, N.C.
Lucy Ito, president and CEO of the National Association of State Credit Union Supervisors
Cutler Dawson, president and CEO, Navy Federal Credit Union, Vienna, Va.
Geoff Bacino, principal, Bacino and Associates, Alexandria, Va.
John Lund, president and CEO, America First FCU, Riverdale, Utah
Randy Karnes, CEO, CU*Answers, Grand Rapids, Mich.
Robert D. "Bob" Ramirez, president and CEO, Vantage West CU, Tucson, Ariz.
Dave Chatfield, retired CEO of the California and Nevada CU Leagues
Mark Hawkins, President & CEO, Altura CU, Riverside, Calif.
During much of her time in the Chairman's role, America's credit unions were severely challenged by the economic events of the time. Pressures on all elements of our movement/iIndustry were highly stressful.
Looking back over that period, but trying to recognize the pressure that was also being brought to bear on the NCUA, I wish there had been a way to recognize the "uniqueness" of our not-for-profit, member-owned cooperatives. We were saddled with no access to much-needed capital during the dark days of the crisis with nowhere to turn for support, and the NCUA offered no options. We faced unprecedented challenges; Treasury was clearly in charge and offered no solutions for credit unions.
In retrospect, I wish we had had a federal regulator who could have advocated for us on the basis of our uniqueness, and who could have resurrected 208 Assistance (or something similar) from an earlier period. Had such a vehicle been made available, the damage to credit unions and their Members in certain regional and local markets might have been minimized. Unfortunately, the regulatory climate was not, and is not, conducive to such solutions. In the final analysis, to use a worn phrase It was what it was
Congratulations to all of our brethren, America's credit unions, for your efforts to survive!