SECU Re-Affiliates With CUNA

Obviously, hell just froze over.

Marvin Umholtz

Consultant

Olympia, Wash.

Once Navy Federal joins shared branching, THEN hell will have frozen over. This is just a slight temperature drop!

Brandon Hord

NCUA Boosts Diversity Hiring

The aim should be nondiscrimination, not achieving a predetermined and politically correct set of numbers. Whether you call it a quota, goal, target or set-aside, race-based decision-making is unfair, divisive, inefficient – and illegal, indeed unconstitutional.

Roger Clegg

NCUA Merger Videos Target Board Directors

Nice! The NCUA moves from regulator to advocate! I'd have to say at least 60% or more of mergers are unnecessary, and 100% are viewed by the "mergee" as a bad deal. The CEO retires, the board is tired, the FOM is limited, the economy sucks … the list is endless. However, once it's made, the merger is forever! No oops is allowed. It takes the merged staff about three days to realize the merger wasn't a merger, but a hostile takeover! All those good feelings and promises go right out the door. And your special bond with your members … [is] irrelevant! "That's not how WE do things here!" Your credit union has issues? Whose doesn't? Go out and hire a better CEO, or set up a replacement in advance. If the board [members are] tired, they should step down. Go find excited new board members. Term limits keeps the pool fresh … 40-year board members start making decisions that don't resonate with members. You want to serve the future credit union members? Put a few young people on your board. Preferably not the chairperson's son or daughter! By the way NCUA, small credit unions don't need education on mergers, they have been receiving daily training in beating off their bigger and friendlier brethren for quite some time!

Why doesn't the NCUA focus its attention on credit unions serving a bigger portion of their current FOM, prior to allowing them to merge into another shop? If you're only serving 5% of your FOM, why merge into another credit union for growth? It's right there in front of you!

Gregg Stockdale

President/CEO

1st Valley Credit Union

San Bernardino, Calif.

First Choice FCU Sues Wendy's Over Data Breach

Can someone explain the rationale of a $43M credit union agreeing to likely expend far more resources than it hopes to recover in pursuit of this? I'm pleading dumb, because I just don't get it.

B. A. Ware