Not sure how many of you saw this blog last week: How The NCUA Can Speed Up Bailout Returns; Merging the corporate credit union fund with the share insurance fund is an idea worth considering. Or are really still trying to keep up with Chip Filson these days (I know he is retired, but boy is he still relevant). And while I know that politics and the back and forth in Washington has many people turned off, I do think we have an opportunity with Mark McWatters sitting in the Chairperson’s seat on the board to see the bailout returns sooner.
One of my goals for the next several years is to stoke the passion for getting these funds returned to credit unions and the balance sheets that need them for future growth, or even more importantly, to sustain credit unions that suffered due to the actions of the NCUA throughout the crisis. I think this article might lay out some ways to keep the pressure on.
How will you let McWatters know that good ideas or stated interests are not enough to move the ball? He needs to know you support his potential solution here and he needs to execute and drive merging the NCUSIF and the TCCUSF. Any option to open the door and ensure CUs get this money is one worth following up on.
Tell Me Why I’m Wrong!