Modern Financial Ethics...

The Eleventh Commandment

"Thou shalt not get caught."

(....and if caught.)

The Twelve Commandment

"Thou shalt not be prosecuted."

Waiting for Godot

" The answer to Life is "Yes!" - not "No".

" The best time is "Now!" - not "Later".

 You know your heart's desires .... from whom are you awaiting permission?

Pearl

" He hasn't an enemy in the world and none of his friends like him much either."

Leadership Start Ups

" To succeed you must be easy to start and hard to stop."

But Out On Interchange....

As luck would have it, a recently resolved court case (State of NC vs. Mark Edward Fly) may have provided us with a whole new strategic opening for a campaign to repeal the Durbin Amendment. The NC State Court of Appeals has now officially affirmed every North Carolinians' - and presumably yours, too! - God-given, Constitutional right to publicly "moon" one another. Most of y'all probably think I'm making this up; butt, no kidding, I'm not. This ruling truly has broad implications.

CU Volunteers and Howard Petrea

Lot of talk lately about the demise of volunteers in the Credit Union Movement. As they say, talk is cheap.

Wanted to tell you about one of our volunteers, Howard Petrea. Mr. Petrea taught mathematics for almost forty years at N. C. State University in Raleigh. He was husband, father, veteran, patriot, championship bridge player, raconteur, scholar, beach comber, church-goer, citizen, teacher, volunteer - and much, much more. Howard Petrea was a child of the Depression and according to his daughter, Brenda, never borrowed to buy anything in his life. He served on our Credit Union Credit Committee - with wisdom and compassion - for nearly two decades. Thought you'd like to know this about him, too:

Cowboy Accounting, The NCUA Texas Ratio...

Easterners dressed in "cowboy drag" have always amused Texans.  Maybe it's the cut of the shirt, the comical tilt to the oversized hat, the delicateness of the scarf, or just "the walk".... Anyway, somehow "it just don't seem right".

Well, NCUA has got its hat on backwards with its continuing misuse of an old FDIC/OTS risk estimation tool: The Texas Ratio.  Our cowboys are using it to "shoot up" a lot of CUs and also "to validate and justify" the level of loss reserves at the NCUSIF....... and that misuse is getting ready to become a whole, whole lot more dangerous.

Missing the mark and shooting yourself in the foot ain't all that bad, but the next stray shot will probably hit a good bit higher up.  Take a look at this, pardner.

Daffodils...

Spring, hope, life....DAFFODILS!!!

From the Field...

"We were so busy on Friday that members were parking on the grass and employees had to double park. Anna, to get away for a moment, decided to eat lunch in her car. A member thought she was leaving and motioned for her to pull out. Anna held up her sandwich and book to signal him she was not leaving; at which point he extended his longest finger towards her. Anna has stated she will not eat in her car again..."

Classic Training

Never seen a better formula:

•      You do it.
•      You do it / They watch.
•      They do it / You watch.
•      They do it / Others watch.

                       .... and after awhile everybody's doing it !