"We are pleased to announce the formation of a special new division at your Agency to focus on the special needs of small credit unions. As you know we, at your Agency, have recently established the Office of National Examination and Supervision (ONES) to manage the large, risky credit unions with assets greater than $10 billion.
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| The ONES: Managing America's Large, Risky Credit Unions |
Large CUs seem to be highly successful at this point, but the ONES is still in its infancy and we are quite sure that we can engineer a turn-around at these risky credit unions over time. In keeping with our concern for the future of America's large, risky credit unions, your Agency has decided to extend our managerial expertise to America's small, risky credit unions with <$10 billion in assets.
We are therefore delighted to announce your Agency's new small credit union division -
Focused on your future...
We will make you feel small - promise!!
1 comment:
So, the CU sweet spot is to be too big to be small and too small to be big. That way you won't be receiving the agencies expertise!With help like that, who needs the ABA?
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