PayThink

I am the CEO of a credit union which fortunately is doing fairly well in these very difficult times, but with NCUA and their illustrious Board of Directors, who knows what lies ahead.

I support NCUA pay raises and new staff. I am not satisfied with the job that NCUA is doing. But we have to give them the resources to improve.

Forgetting for now the political fallout, the WikiLeaks affair has evolved into one with major business implications for the financial services industry.

Bank managers across France are sincerely worried about a campaign by former soccer star Eric Cantona to stage a nationwide bank run, the Financial Times reports.

In these times of commoditization, credit unions are encouraged to remember, and protect, the "trust-factor." It remains one of the industry's few true points of market differentiation.

Mark DeBellis is home now, but only after making an examiner look like a homebody by spending more than 100 days on the road this year (over a 151-day span) visiting CUs.

I suggest you study the writings of Dr. Deming to learn how to improve productivity, lower costs and enhance quality of service. Introducing incentives would not be effective and would probably cause damage to teamwork and productivity.

The announcement of the new budget by NCUA and the 5% to 8% pay raises given to the unionized staff and subsequent matching increases given to management staff should be met with constant and continuing acts of civil disobedience.

The simple fact remains: there is a mess that needs to be cleaned up, and we all need the services that we used to receive from the corporates.

I sat on a school board for 14 years and I know management has the right to accept or reject union's offers. I doubt the NCUA employees involved would have appreciated this information hitting this news outlet stating they were demanding an 8% increase when the credit unions are giving 0% so we can replenish the NCUA insurance fund.