MAUI, Hawaii — Volunteers attended a session at The Paragon Group's Volunteer Leadership Institute entitled "Financial Essentials for Volunteers," but took the session in many different directions.

Presenter of the pre-conference bonus session, Bob Schumacher, retired CEO of the $82 million MountainCrest Credit Union, covered the basics of the balance sheet and much more. The highly interactive session took various turns as the audience peppered him with questions. One of the hottest discussions centered on examinations. The inconsistency of the NCUA was an oft-repeated concern. Situations were shared where examiners told a credit union to form a committee to oversee all the loans running through the credit union, and the next year asked why the credit union was doing that.

Volunteers from a California credit union explained that the NCUA and state regulator's conclusions didn't jibe and as all three parties sat down to discuss the matter, the two regulators moved farther apart. The state examiners found this credit union in better standing than the NCUA did.