The coordinator of an ad hoc, Tennessee-based group of credit union CEOs and managers with beefs about NCUA and "overreach" by federal agencies made clear Thursday the group's motives: get the attention of Congress in a hurry.
"What has happened to credit unions over the last two years is simply incredible and we need something to happen," invoked David Proffitt, president/CEO of the $136 million Alcoa Tenn FCU and chief spokesman for the so-called Credit Union Committee on Declaration of Grievances.
Proffitt, who helped "carefully write" a seven-page manifesto or declaration of complaints about policies of NCUA and the agencies, said the group's petition currently has 32 names, most from small CUs in Tennessee, North Carolina and Ohio, but that more may be added.
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