The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too. To claim NCUA is unbiased would be a farce. To say an examiner won’t retaliate if they’re made to look bad by a credit union availing itself of this process would be ludicrous. The NCUA tends to lean in favor of protecting the NCUSIF, which all federally insured credit unions want to remain strong, but it also can mean less flexibility in an activity that might pose a risk to the fund. Credit unions are in the business of mitigating risk, yet in some instances it seems the agency wants to eliminate it.**** Read More; The Examiner as the Examined: Editor's Column:
The Bucket Coach is a financial advice book designed by Fire Services Credit Union, Tronto, Canada. and written exclusively for Fire Fighters It's a practical guide for household financial management, including investments, credit and mortgages, and retirement. Developed with contributions from Fire Fighters," NCOFCU Newsletter : " Kevin Connolly Chief Executive Officer Fire Services Credit Union Phone: 416-440-1294 ext 301 Toll Free: 1-866-833-3285 E-mail: kevin@firecreditunion.ca 1997 Avenue Rd Toronto, ON M5M 4A3
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