Sunday, October 28, 2012


"Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. 
- Antoine de Saint-Exupery

Saturday, October 27, 2012

From The Field....

Bee-z,  Bee-z,  Bee-z !!!

"It was truly a good old-fashion, no lunch State payday... like it used to be before direct deposit."

(Ah yes, the "good old days"...)

Friday, October 26, 2012

NCUA Sends Thanks....


The CEO of Commodore Perry FCU in Ohio has apparently received word that NCUA Region III folks, in a surprise move, will not only formally acknowledge his exam appeal rights; but will also, as a sign of mutual respect, be sending along their thanks....

Thursday, October 25, 2012

From The Field...

"New York, New York !!!"

"Leading a team to the Payments Conference in NYC next week. Jennifer is particularly excited because she has never been on an airplane, nor ever ridden in a taxi cab."

("Sta-a-art spreading the news, I'm leaving today...")

Tuesday, October 23, 2012

Absolute MAD - ness...

"Crime does not pay.... as well as politics."

- Alfred E. Newman

(... but be careful, there aren't any "term" limits in politics!)

Monday, October 22, 2012

Helping Decide The Election...

"They've done what ?"

No question - "no debate" - that NCUA has helped turn the political tide in the states of Florida, North Carolina, and Ohio, which the Agency has apparently declared to be regulatory...

Sunday, October 21, 2012


"You will get wet, if you go swimming in the rain."

( Sounds like you may already be, all wet...)

Saturday, October 20, 2012

From The Field...

"Had a lot of leaf lookers and half backs in the mountains of western North Carolina this month - busy, busy !!"

Guess "leaf looker" is self-explanatory; "half back" is a Yankee who originally retired to Florida, but got discouraged and moved half way back to N.C. !

Friday, October 19, 2012

Thursday, October 18, 2012

Chain Reaction...


Thank you for submitting the detailed 350 page report, describing the alledged misrepresentations, falsifications and subsequent retaliation that occurred during your recent Region 3 exam conducted by our supervisory examiner , The Liquidator (ain't he something!).  

Prior reviews found...
The few parts of the report which we actually reviewed, we found to be quite amusing. Surely you know that to date NCUA has never made a mistake in connection with the exam process. This statement is clearly validated by the fact that there have been only four CU appeals - up the full chain of command - at NCUA in our entire history. And, our review of those four appeals most certainly confirmed, beyond doubt, that the CEOs filing those complaints were either 1) foolish or 2) just plain stupid (and generally we felt they were both.)

Stuck on stupid
and still spinning your wheels !?
 Really, can you imagine the arrogance of those "provincial yahoos" in thinking that we would convict ourselves ?!  I mean, how do they think this Agency actually works anyway ?  Are they stuck on stupid? Do they really believe we care what they think ?

As to your appeal, we're not about to endanger our perfect examination record by permitting anyone, including CPFCU, to try to confuse us with a bunch of facts. To quote our Big Boss: "It ain't happening." And, he swore before Congress back in February that we didn't have to give you nor anyone else a reason for the way we act. He hasn't changed his mind since then, hasn't changed it in over 34 years!  

So, hope you can see why we have found, based on your appeal,  that you are either 1) foolish or 2)  just plain stupid (and generally we felt you were both.) And by the way, the boys over at OIG have confirmed that when they get around to taking a look at your appeal, they too will agree with our conclusion.

So based on our finding that you appear to be both foolish and just plain stupid, we believe that your credit union is unsafe and unsound; and therefore represents a threat to the insurance fund.

Given the extraordinary reputation risk which you represent to the Fund, a "colonoscopical" exam team will hand-deliver to you shortly our formal response to your 1) foolish and 2) just plain stupid appeal.

We feel certain that our "reaction" will preclude your need...

Wednesday, October 17, 2012

Reign Of Error...

Heroes of the Commodore Perry FCU fiasco:

Commodore Oliver Hazard Perry:
 "Don't Give Up The Ship!"

The NCUA Liquidator:
"Don't Give Me Any Lip."

The NCUA and OIG:
"We Don't Give A...

Tuesday, October 16, 2012

The Liquidator !!!!.....

NCUA Region 3's : "The Liquidator" !!!

From CU Times ( October 11, 2012)

"An NCUA examiner who witnesses said allegedly called himself "The Liquidator" and made inappropriate statements to four female employees did not harass or retaliate against a small Ohio credit union [Commodore Perry FCU], the Agency said."

"When the same examiner returned to the credit union in 2012 and exhibited the same behavior, the employees were asked to provide written statements regarding the alleged inappropriate incidents."

"Renz said he and Barr [The President and CEO of CPFCU] had concerns about the examiner from the very beginning of the exam, after he initially introduced himself to them as "The Liquidator"."

"He was serious," Renz said.  "He said he was known in his years in the industry as "The Liquidator". I clearly remember that, and took it as his point being, "don't mess with me".

Just for the record "The Liquidator" is a real and well-known NCUA supervisor in Region 3 .  The folks at CPFCU are not making this up.... despite the "findings" of the O.I.G. 

NCUA also knows of the antics of "The Liquidator", yet does nothing other than hide its growing loss of credibility behind a "No Comment" shield from guilt - and accountability.

While yet another credit union and its employees pay the price for telling the truth....

Monday, October 15, 2012

Oh !! My !! Gee !!

Commodore Perry FCU ...

Oh ! My ! Gee !
Oh, My ! Oh, Gee !
O. I. G. !!
Tweedle Dum, Tweedle Dee !!!

From the CU Times (10 - 11 - 2012):

"In other NCUA news, the Office of Inspector General [OIG} found nothing to substantiate accusations by Commodore Perry FCU that their examiner was harassing the credit union's employees [guess you just can't trust the affidavits of four female employees] and subsequently lowered the credit union's CAMEL rating when it was reported."

Duel " chartering in NC........
"The Supervisory Review Committee that could review the case is also within the NCUA, so results will be suspect, particularly since the regional director who declined to send a different examiner to the credit union, Herb Yolles, is the same one who made the retaliatory call for dual exams for all state-chartered credit unions in North Carolina after SECU was permitted by the state regulator [ in accordance with NC state law] to release its state CAMEL rating."

"He [Yolles] also accused N.C. regulator Jerrie Jay of stating that the NCUA had begun terminating SECU's insurance, which recordings later proved she did not.  However, the OIG yet again let an NCUA employee off with a free pass finding it was a misinterpretation."

Wanna guess who was the former head of the OIG at NCUA....??

Sunday, October 14, 2012


"Like so many Americans, she was trying to construct a life that made sense from things she found in gift shops."

- Kurt Vonnegut

Saturday, October 13, 2012

From The Field...

"You wouldn't believe the condition on the inside of the recent foreclosure; bunch of unusual junk - interesting in deed!"

 Indeed !... bad deeds are always a problem in real estate!

Thursday, October 11, 2012

TBTF.... Too Big To F... ?

"Evidently, no banking mistake is too large for Congress to forgive."
(...we need less financial regulation ??)

Is it because the "problem" is...

Wednesday, October 10, 2012

Leaning To Tea Right...

Governor Romney may wish to emphasize, even  more clearlythe political and philosophical import of his vice-presidential selection to Tea Party members, by slightly adjusting his campaign signs ....

Moving beyond "Romney and Ryan" to....

Sunday, October 07, 2012


"You are not too insignificant to make a difference."

And, don't let anyone try to tell you otherwise...

Saturday, October 06, 2012

From The Field...

"We are glad to have her with us.  She is a stick of dynamite, raring to go!"

("Just love" working with explosive personalities... don't you?!)

Friday, October 05, 2012

The Vision Thing... Finale - Tone Deaf, Blindingly Obvious ?

CUNA, about that vision re-vision thing...

Genius !! - Blindingly obvious to anyone who listens...

"There is no need to advertise that we are different from banks if it is not blindingly obvious already.  

If we have to tell people we're different and better, then we aren't."

- Ed Speed

Does ordering Ray Charles a "new" pair of prescription sunglasses improve his "vision"...

The Vision Thing... Part VI: CUNA 2022 - Draft Plan ....aka "Pink Tights" !

Don't Look !!
Don't let on that you've seen this....'cause it's Top Secret stuff.  Wouldn't want to diminish the thunderous thrill you will experience when "The New Vision Thing" is unveiled.  Get ready to rock!  Think in terms of revelation, perhaps even Rapture ...

The Vision Thing... Part V - Last Chance ??

While We Await "The New Vision Thing" from CUNA ....

Are there any other "approaching" issues...

Thursday, October 04, 2012

The Vision Thing....Part IV.

By the way did CUNA ask your opinion about "The New Vision Thing" they're getting ready to announce?

Y'know kick it around with you over a few brews?

Just wonderin'...

Wednesday, October 03, 2012

The Vision Thing...Part III

If we don't get "The New Vision Thing" with CUNA right this time, pretty clear what credit unions will look like in the future...

Tuesday, October 02, 2012