From the state of women in the C-suite and Citizens Bank to the Fed's calculations, a number of hot credit union topics have gotten readers talking.
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Since you [Debbie Matz] are in an apologizing mood, how about apologizing for your disrespectful examiners and the contentious nature your agency has created in the credit union marketplace? Matz has presided over an agency that has created an unproductive and contentious relationship with the credit unions that actually do good things for millions of American banking consumers. I think she said exactly what she meant.
- Jason Dias
Fed Defends Debit-Fee Cap CalcsAbolish the Federal Reserve, the FDIC and all bank regulations except one; require full disclosure on full or fractional reserve backing of deposits. Treat gold, silver and cryptocurrencies as legal tender (not as an asset) for tax purposes.
- TKList
Citizens Bank Fined for Shorting DepositsBetween this and their corporate parent's (RBS) deep implication in the LIBOR scandal, Citizens represents the worst in TBTF predatory banking.
- Matthew Cropp
Not surprised! [This is] the worst bank I have ever worked with.
- Jennifer Rebecca
Fewer Female CEOs Is Bad for Credit UnionsBoth the executive search process and succession planning at credit unions are so horribly broken, I'm not sure how to interpret your insights. Add non-CFOs, visionaries, minorities and young leaders to your list of people who are not being placed into CEO positions.
The truth is, search firms and boards aren't looking for the "right" choice…they're terrified of picking the "wrong" choice. By defaulting to the status quo, we are setting ourselves up for failure. Most CEO position postings read like the search firm and board are looking to hire leaders of yesteryear.
The challenges of today are different and the skills that are needed by modern credit unions have dramatically changed, yet executive searches are partying like it's 1999.
- CUWarrior
Rolston: A Winning Strategy Starts With Your PeopleThese are great insights from [Franklin Mint FCU's] Maria [Rolston] and ones every credit union should heed. One suggestion for credit unions to consider is to stop training every employee the same way. As Maria notes, an effective strategy starts with your people. But not all of your people are equal. Some are more valuable and productive than others. So train your stars like stars. Give them added learning. Provide them advanced training and tools. You don't just want good employees, you want great ones.
- Mark Arnold
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