 |
| "Off With Her Head!" |
- Chairman Debbie Matz
NCUA/CFPB Town Hall Meeting
February 8, 2012
Oh, really....
"Cal State 9 Credit Union, which had assets of two hundred eighty-five million dollars, was rated a CAMEL 2 by the California state regulator..."**
- Chairman Debbie Matz
Remarks to CUNA Governmental
Affairs Conference
February 28, 2011
(** released without permission??!!)
"ONCE THE TRUST IS VIOLATED...
...NO CONFIDENCE ANYMORE..."*
*( Not to worry, no more than two or three thousand people from all across the Country heard this.... 'course it is published on the NCUA website as a public document...)
 |
| ...Again... and again... and.... (When will the "big-heads" roll....?!?) |
6 comments:
The Chairman as the Captain has allowed her crew to run the ship into the ground. What she says in her public statements are appalling why don't we look as who is advising her so badly now that's another interesting story.
Jim ... surely you're not equating the discussion of a CAMEL for a defunct CU, 3 years after its demise, with the release of SECU's most recent CAMEL. But your effort does raise an interesting question. How long IS a CAMEL confidential? Until the next one is issued? Two years? Ten years? Forever?
I do not agree with the CAMEL release. However, how NCUA has allowed this matter to get out of hand to where it is today shows me how the staff is running the show. No leadership at the top down.
Is there anything we can do or are we powerless to NCUA spending our money and doing their jobs so pathetically.
What would you recommend needs to be done?
Who should do it?
When?
Lots of folks would like to hear some suggestions.....
What would you recommend needs to be done?
Convert to FDIC. Flee the dysfunction.
Who should do it?
CU Managers are charged with running an institution – serving members and the community – should they be wasting time trying to patch a boat that should be sunk – and probably will be? NCUA is taking all its cues on regulation from FDIC anyway.
When?
Now is time to endure the stress of an upgrade to a more modern and stable platform. Get in line now before a logjam in applications results in a multi-year conversion delay.
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