“I don’t think this is something that’s going to drag us into a recession. I think we’re going to come out of this OK.” – NAFCU economist Jeff Taylor on the effects the attacks may have on the U.S. economy. “We’ve been through the bombing of the World Trade Center in 1993 and later when there was an explosion set by arsonists in the New York City subways, but this is so much beyond anything I’ve ever experienced.” -Cliff Rosenthal, executive director, National Foundation of Community Development Credit Unions commenting on the World Trade Center tragedy. “The overhead transfer rate takes a lot of budget discipline away from NCUA because it means they don’t have to work as hard to try to keep their budget down. They can just increase the OTR.” – Gary Oakland, president/CEO, Boeing Employees’ CU commenting on NCUA’s overhead transfer rate policy. “It’s still so unbelieveable. We’re still open and personally I wouldn’t want to let those terrorists shut us down -and I think everyone who is here feels pretty much the same way so I guess we’ll just keep working. ” -Actors FCU Marketing Director Steven Sobotta reaction after terrorist attacks on the World Trade Center.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.