NAFCU recently held its Annual Conference in Las Vegas.
NAFCU sponsored conferences always get top reviews for content and execution; and according to the initial feedback, this year's AC was also another home run.
One of the featured events of the AC is the presentation of various recognition awards to credit union folks from all parts of the credit union movement - and it's a great honor to receive one of these awards!
The award winner who caught my eye was Bill Nikolauk, CEO of 1st Community FCU in San Angelo, Tx. Mr. Nikolauk was chosen as CEO of the Year and the synopsis of his success (here's the link from CUJournal) would suggest a recognition well-earned. Congratulations!
But, it was another blurb from Mr. Nikolauk in the same issue of the CUJournal which really gave me pause...
Fed-to-state, CU-to-bank... Could it simply be a search for a less hostile regulator ? |
"We always look at our charter to see if we want to stay a federal charter or switch to a state charter. This year, we might bring someone in to at least examine whether we might need to convert to a bank. Some people won't like me saying that, but I wouldn't be doing my job if I did not at least take a look at it. It is not something we want to do, and I don't think we will do it, but we need to talk about it." (Bill Nikolauk - 7/2014)
(See 8/6/14 post)
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