PayThink

A few months ago at the California and Nevada league's annual meeting at Disneyland, keynoter William Taylor was giving such a good presentation he managed to pull off two great big ironies without anyone in the audience even noticing.

NCUA's enhanced supervision program is designed to ensure that the credit union industry will get through these tough times stronger and more resilient. Unfortunately, some credit unions will not make it through. But our goal is to keep the costs of resolving those failing CUs as low as possible.

For those within credit unions who are charged with driving growth and expansion, there are plenty of concerns ahead, but also opportunities. So here is my Top 7 in 2011 List of challenges and ways to meet them.

While I do agree that it is not usually productive for employees to compete for rewards, I also am confident that executive incentive plans, with appropriate and relevant performance linkages, can be very effective reward systems that keep the executives' eyes on the target.

What was that saying in France by the queen? "Let them eat cake?" With this mindset coming from the NCUA it would be, in my opinion, asking for trouble to be critical of the NCUA and then sign your name to it.

Why should NCUA change their position on anything if our own political water boys are painting the pigskin with lipstick and keeping CEOs reasonably calm?

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There has been lots of discussion after Randy Karnes, CEO of CU*Answers, a CUSO in Michigan, circulated a petition calling for major changes in NCUA. Here's why I will sign, and why I think everyone should sign.

Undoubtedly, 2010 will be characterized as one of the most challenging legislative years with the passage of Dodd-Frank. As a result, 2011 will likely be defined by Congressional oversight of the rulemaking required to support the new legislation.

It's probably safe to say that 2010 didn't quite go as planned. Not for the Democrats. Not for the Dallas Cowboys. And certainly not for you and your credit union.