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On-Site Covergae: Dollar: 1% ROA Standard for CUs is History

BASTROP, Texas - Addressing credit union executives attending CO-OP Financial Services' THINK 09 conference, former NCUA Board Chairman Dennis Dollar said the current economic downturn had made a 1% return on assets an impossible standard.

By David Morrison | Updated on April 06, 2009

BASTROP, Texas – Addressing credit union executives attending CO-OP Financial Services’ THINK 09 conference, former NCUA Board Chairman Dennis Dollar said the current economic downturn had made a 1% return on assets an impossible standard.

The former NCUA official who has since gone into credit union consulting drew a chuckle from executives when he paraphrased a comment frequently offered by CUNA CEO Dan Mica. “My, what a good day it is to be the former head of the NCUA,” Dollar said.

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