tag:blogger.com,1999:blog-319775530671726401.post7047701222043245652..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Publishing Stress Test Results, CU Trades Say NyetKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-319775530671726401.post-60325552108125174312014-01-07T22:03:32.118-05:002014-01-07T22:03:32.118-05:00we talk an awful lot about transparency. but when...we talk an awful lot about transparency. but when the rubber hits the road we sure as the devil don't want to show it. what's the big secret? some credit union's are not doing well. some are reporting negative earnings year after year. why bother to stress test if the results turn out to be troubling? Clearly we don't want to make public disclosure to a membership based organization. If they only knew. Meanwhile the CEO takes home his multi-million $ SERP. As I recall Bob Siravo's SERP was over $6M. No wonder there was no public disclosure to the membership. WesCorp FCU was placed into conservatorship. How soon we forget.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-1618491194417096882014-01-06T08:14:08.087-05:002014-01-06T08:14:08.087-05:00Cuna=robust.Cuna=robust.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-43302570485729269242014-01-06T08:02:09.483-05:002014-01-06T08:02:09.483-05:00Circular logic.
Members aren't owners in the s...Circular logic.<br />Members aren't owners in the same manner that a shareholder of a bank is an owner when it comes to a safety and soundness regulation.<br />If one listens to Cuna long enough, they talk out of both sides of their mouth. Cuna's letter also speaks to the fact that banks can and do execute on more types of business and therefore have more ways to cause failure.<br />True, however credit unions are limited and therefore have concentration risk and also fewer sources of income to relieve margin pressure.<br />Diverse income streams versus concentration risk in an increasingly low margins business?<br />Hmmm.<br />Anonymousnoreply@blogger.com