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Perception and Reality Will Shape Decker’s Fate

The Obama administration announced on Oct. 21 the nomination of Carla M. Decker, CEO of District Government Employees FCU, to replace NCUA Board Member Gigi Hyland, whose term has expired.

By Sarah Snell Cooke | Updated on October 30, 2011

The Obama administration announced on Oct. 21 the nomination of Carla M. Decker, CEO of District Government Employees FCU, to replace NCUA Board Member Gigi Hyland, whose term has expired. Reaction I’ve gathered from around the industry has been highly mixed. In general, a great diversity of thinking exists across the industry as to what’s important and relevant. That’s good. In formulating your own opinions, there are several pieces to consider.

I’ve heard quite loudly, Why would she be nominated when her credit union is in financial trouble? This is a valid point. The capital ratio at DGE FCU dropped more than 200 basis points over the last year. Delinquencies are 2.63% and charge-offs 2.12%. ROA was negative for 2010 but on target to end 2011 on the plus side after three quarters of profitability. Net worth is down 20%, marketing share is down 1.46%, loan growth is down 16.8% and asset growth is down 1.7%. However, in my mind an even more important number is that membership growth is negative 4.57%. 

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