Big Mc ?....

Mc matters ?
We all hope so!

Well !!  Seems we may finally have a "new sheriff in town" down on Duke Street, Alexandria! As you probably know, new NCUA Board member Mr. Mark McWatters is off to a fast, positive start - after just one meeting!

And, the buzz of hope and optimism is palpable within the credit union community - east, west, north, south, large and small.  Many who had "given up" on the NCUA, once again have their fingers crossed, hoping for a prophet of strength and character "to lead us up out of Egypt". The timing could not be better, nor more crucial for the credit union movement.

Not again !!

For those who may have come in late, the first "scene" occurred during a perverse little exchange at the last NCUA Board meeting, when Mr. McWatters simply called for a fresh look at the mounting fraud losses being experienced by the NCUSIF. Innocent enough, pretty sound advice. But the Chair seemed to unnecessarily take offense stating (CUJournal, 10/23/2014): "I take exception to that comment.... Safety and soundness and sound regulation go hand in hand.  I want to make sure that is on the record."

Most reasonable folks might think you could do both - fraud focus and sound regulation - without "making a scene", but "making a scene", rather than making sense has been "the soup de jour, the mess a la mode" on Duke Street of late.

Maybe regular ol' credit union folks just don't understand "D.C. principles and protocols", we just "don't get it" and Mr. McWatters' comments really were some sort of intricately subtle, underhanded "BIG Mc ATTACK".

But most folks certainly don't think so and are really, really happy with the new look at NCUA...

.... even without the Fryz !!!