Thomas Renz, president of $35 million Commodore Perry Federal Credit Union in Oak Harbor, Ohio, has always spoken his mind, especially when it comes to credit union regulations. Based on his experiences, those opinions have won mixed reviews from the NCUA.
The latest salvo from Renz, who is an attorney as well, proffered field of membership and supplemental capital amendments as part of the NCUA's pending risk-based capital regulation. His ideas would make it easier, he said, for credit unions to grow in size and purpose. Commodore Perry FCU was CU Times' 2013 Trailblazer Award winner for Outstanding Service to the Underserved.
More importantly, Renz said his ideas would not require legislative changes. Renz has been working recently with credit union trade organizations and the NCUA, hoping that he can spur consideration, if not action when it comes to what he considers moves that could change the industry.
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