Thursday, September 20, 2012

Virtues Of Democracy....

"No government is perfect.  One of the chief virtues of a democracy, however, is that its defects are always visible and under democratic processes can be pointed out and corrected."

              - President Harry S. Truman

Yes ! Just "point and....

...sic" !!!!!

"This is why we need to keep speaking up just like the NAFCU members at a recent NCUA listening session in San Diego.  Those credit unions shared concerns about examiners' increasing use of documents of resolution when examiners' findings in the official report would be more appropriate - and more time and cost effective."

"But not everyone is ready to talk, especially when it comes to exams.  Over the past 10 years, just four credit unions have appealed their exam results to the NCUA's supervisory review committee.  That's out of 8000 credit unions."

"Not a single one won its appeal. 
Thousands of exams and not a single mistake? One can only wonder."['Ya reckon !!]

"The NCUA says this is a sign that examiners are getting it right. 
[ Wanna guess who said that?] It might be more accurate to say it's a sign that credit unions don't think it's worth the time to appeal because they already suspect the outcome..."[Naw! Really?!?]
                          - Fred Becker, NAFCU CEO 
                                       The FCU Magazine (Sept/12)

...neither virtuous...
    ...nor democratic !!


Anonymous said...

Great blog Jim. Credits union are not speaking up when things go wrong. Also could you set the record straight for those of us not at last weeks NASCUS conference between you and Matz. I am getting tired of reading how this issue in North Carolina cannot get resolved. What gives????

Jim Blaine said...

A representative of the NC League recorded the Q&A at NASCUS....will try to get a transcription out here in a few's already being pretty widely circulated at many levels.

Though the "situation" in NC has been widely misreported as a dispute about CAMEL, it's about far more important and far more fundamental issues...

Publishing a CAMEL rating can be legitimately debated with some strong arguments on both sides...

Hopefully the concepts of honesty, integrity, accountability and responsibility are not subject to such debates ...some folks appear to feel they are not bound by those principles.... which is an attitude - an arrogance - very dangerous in society, life, business, and most certainly in a government "of the people, by the people, and for the people".

Equally and perhaps more important, many of our key CU leaders in many roles within the movement have not shown the courage to confront these fundamental questions of honesty, integrity, accountability, and responsibility... evidently they have more important priorities..