Friday, February 8, 2013

It's None of Your Business!

That was the response of the Oregon credit union regulator to a 1994 interim final rule issued by NCUA on credit union conversions to non-credit union status.

The regulator was incensed by NCUA's arrogance and pointed out that if the members democratically voted to change charters, so be it.

I think there are credit union managers and regulators that today share that same sentiment with Oregon's CU regulator and would love to tell NCUA to mind its own business.

Read the letter below.



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2 comments:

  1. AnonymousFebruary 8, 2013 at 7:50 AM

    AND THERE ARE SOME CREDIT UNION MANAGERS AND REGULATORS WHO WOUD LIKE FOR YOU AND THE ABA TO MIND YOUR OWN BUSINESS....

    ReplyDelete
  2. AnonymousFebruary 8, 2013 at 9:42 AM

    Thanks Keith, for keeping us informed in such a balanced manner.
    I learn more from this blog that's material, than most stuff from Cuna (cu not accountable).
    My entire senior staff and board read this.
    Keep up the good work!
    In cu land, we have found being informed is difficult.
    Sort of like an echo chamber of the same useless tripe.

    ReplyDelete