News about the NCUA's most recent moves, overdraft fees and racism in the workplace got CU Times readers talking this past week. Here's what they had to say.
"NCUA Proposed Merger Rules Unnecessarily Burdensome: Trades," Aug. 8
This is absolutely a problem that the NCUA needs to address. As someone who saw a few mergers go to a CU that was "paying" the manager/board incentives, I was happy to see this proposed rule. In fact, it is not unusual for the surviving CU to quickly shut down the local offices of the merged CU because the true interest was not to serve the members, but to take over the members' equity. Someone needs to be the watchdog over this process and to keep it transparent.
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