PayThink

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.

Whatever you are measuring communicates focus and the desired attention of your team. Whatever you are not measuring similarly communicates a lack of importance.

In our current economic climate, it comes as no surprise that the financial services industry is under increased scrutiny. Therefore, it is no surprise that NCUA has taken a more aggressive stance regarding enforcement and administrative actions.

In the aftermath, the CEO noted, the credit union has found the fake bomb threat has put not just its emergency response plan into question, but has raised other issues it had not previously given thought to.

Banks need to wake up and smell their burning coffee. Small business loan demand is weak but for reasons most banks refuse to admit to this day: unreasonable loan terms.

Let's be honest. By now, you'd think that faxing would be dead, a victim of all those killer apps, such as e-mail, texting and IM, that came after it. You would expect that the only place you'd see a fax or hear the screech of a fax transmission would be in a movie from the '80s, or at an exhibit at the Smithsonian. But you would be wrong.