Let's not forget the many failures of regulators during the "troubles." I wouldn't be so quick to trust these people.

As to the number of board members, a simple merger of you know who into the FDIC would solve that issue immediately.

Dennis Moriarity

CEO, Unity Credit Union

Warren, Mich.

Metro North CU Sues Member Over Bounced Paycheck

Oh, but it's OK for your financial institution to take the loss. Everyone wants someone else to bear the brunt of their troubles. After the credit union wins the suit and collects what is owed, this member gets their account closed. Be glad the credit union only sues for the amount of the loss and doesn't collect three times the amount or prosecutes the member. Don't forget to put that in your social media post.

sweder

Credit Unions Take Minimum Wage Hike Lead

Is St. Paul FCU firing all their employees currently earning $12, as they aren't the "best out there," and then hiring the "best" out there for $15 an hour? You do realize, don't you, that you insulted your current batch of employees?

Pay them what you want, but just acknowledge the pay rate is a political statement more than a business decision, especially given the markets both credit unions operate in. How long until $15 an hour isn't a "living wage"? When did an entry level position require a salary sufficient to sustain a household? How is putting an artificial floor on the cost of labor a smart business move?

ImaNutt

Indirect Lending Grows Direct Impact on Credit Unions

I support indirect lending and have personally started two programs at previous employers. That said, no credit union should ever jump into indirect without having at least one very experienced person running the program. Not knowing what you are doing is one very quick way to get to practice your resume writing skills. Things can look great and then the world collapses.

In addition, starting a new program is a sure way to have your examiner take a very close look at how you run your program (structure, rates, membership and most importantly how you are tracking every single metric of the program). I cannot stress this enough, indirect lending is a much different animal than anything else and a credit union must monitor the program in order to be successful.

BillyBobJim