|NCUSIF investment elves have |
a little surprise for you -
... coal comfort!
But, we need to pause to remember what NCUA Chair Rick Metsger said about the NCUSIF:
"We have a fiduciary responsibility to the Share Insurance Fund, and to U.S. taxpayers and we will not abrogate that responsibility or turn it over to anyone else." [here's your link]
In parsing out that commitment from Chair Metsger, it should be noted that the "We..." means the NCUA Board, which by law does "own" the fiduciary responsibility for the NCUSIF. And, the "... anyone else..." to which the NCUA Board can't "... abrogate that responsibility..." includes the NCUA management staff!
|All credit unions |
are on board...
There is a lot "riding on" the sound performance of the NCUSIF!
If you were heading for "a wreck" (costing say $300 to $600 million), would you "ACT"?
ACCOUNTABILITY - COMPETENCY -TRANSPARENCY