Search
 

Matz Believes Corporates Can Help Cure What Ails the Industry

CHANDLER, Ariz. - NCUA Board member Debbie Matz thinks corporates can be a solution for some industry problems. Speaking at the Association of Corporate Credit Unions' Annual meeting, Matz highlighted eight concerns she has for the future of credit unions and how corporates can help. Matz' concerns are the following:...

By Staff Writer | Updated on October 12, 2004

CHANDLER, Ariz. – NCUA Board member Debbie Matz thinks corporates can be a solution for some industry problems. Speaking at the Association of Corporate Credit Unions’ Annual meeting, Matz highlighted eight concerns she has for the future of credit unions and how corporates can help. Matz’ concerns are the following: Slow membership growth, declining mortgage market share, interest rate risks, disappearance of small CUs, taxation, investment risks, indirect lending risks, IT security risks. She gave examples how corporates can help in each of these areas. For instance with the disappearance of small CUs, she said, “Corporates can essentially serve as a back office for small credit unions.. This assistance can mean the difference between life and death for small credit unions – and ultimately, help prevent taxation.” Matz believes corporate consolidation may be slowing. “Only a few years ago, so-called experts predicted that by now there would be a market for only about five corporates, if any at all. Yet with 31 corporates operating today, the corporate network has experienced record asset growth for each of the past three years,” said Matz.

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.

Recommended Stories

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.