Two ad hoc industry groups, one in Michigan and the other in Tennessee, that have been among the most vocal in lambasting NCUA policies on corporates, salaries and compliance all year, held firm in their critical stands again last week. And they issued new complaints.
The Michigan contingent, however, which in December 2010 first began circulating its online petition calling for reorganizing the agency, greater congressional scrutiny and a halt to "disastrous" practices, said its viral petition drive was over.
"I think the online permit may have expired," declared Randy Karnes, president/CEO of CU* Answers a Grand Rapids, Mich., CUSO and leader of a CU group that shook up the industry and regulatory agencies with a blast at various NCUA policies related to assessments and over-compliance.
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