"Navy FCU Acquires Fort Meade Community CU," July 18

Many of the small credit unions are disappearing. Will there eventually only be the big ones like Pentagon, Navy, State Department and Boeing to name a few? It does not seem like many new credit unions are being created. How will all of these mergers affect the future of credit unions?

Mel

"Tax Exemption a 'Matter of Survival' for Credit Unions as Tax Fight Flares," July 18

The obvious remedy is to leave the tax exemption alone and come up with a way for banks to convert to a credit union charter to get the tax exemption. Sure, they would have to deal with the more restrictive methods of operating, but that tax exemption would surely make it worthwhile.

Ima Nutt

"NCUA Board Seeks Comment on Closing Stabilization Fund," July 20

Although all would agree we love to receive money back in any form, dividends included, the small portions divvied out to each CU over the short term as the Temporary Corporate Credit Union Stabilization Fund is unwound will most likely not make or break any CUs. This is especially true right now as the industry has experienced substantial growth for the past five-plus years. But we'd be short-sighted to ignore the fact that whether by regulatory changes, mismanagement, lawsuit or economic factors, the Share Insurance Fund will become substantially short someday. When it does, we will all wish there were a Temporary Corporate Credit Union Stabilization Fund to step in and save us all from needing to make large additional contributions right when we are all trying our best to manage through the tough times.

Therefore, I'd recommend the reallocation of the Temporary Corporate Credit Union Stabilization Fund into a new Supplemental Fund. Reinvest these funds and save them for the sole purpose of being a safety net for when the Share Insurance Fund runs short and requires a major capital injection. We could also consider allocating future dividends from this same Supplemental Fund to supplement and reduce all credit unions' required annual contributions into the Share Insurance Fund. Using this new Supplemental Fund as a buffer to offset future mandatory increases to the Share Insurance Fund will also allow us to better control our costs and budget appropriately. I feel there are many more positive reasons to retain this fail-safe fund than to disburse it.

David Warren

"CECL and Your Credit Union's Investment Portfolio," July 21

I'm bored … let's concoct a new accounting standard. We can call it the "look in the review mirror and squint rule." Lord have mercy.

Person

"Mobile App Locates ATMs, & Can Even Request a Ride," July 21

Ride-sharing to pick up money at an ATM … please tell me why this is a good idea.

Monte Bertram

"House Republicans Accuse Republicans of Harassing CFPB," July 27

Despite the terrible harm that the CFPB has done to America, Rep. Maxine Waters is among the CFPB's most stridently-partisan defenders of that hard left-dominated rogue federal agency. As such, Rep. Waters leads the Democratic "death panel" intent upon killing off America's credit unions and community banks with counter-productive, one-size-fits-all, anti-business, anti-consumer choice and deliberately overreaching compliance burdens. As punishment for such malicious actions, neither the CFPB nor Rep. Waters should ever again be allowed to dominate the public policies that govern the financial services marketplace.

Marvin Umholtz

Consultant

Olympia, Wash.