Posted by Charles Bruen
The February 9th Credit Union Times editor's column written by Sarah Snell Cooke is worth reading. Cooke covers several topics but this one in particular caught my attention:
"... during a webinar recently hosted by our Credit Union Leadership Forum, 77% of attendees responded that the NCUA's requlation definitely will help or will help some to the question, "Do you think that the latest NCUA regulations on FCU directors will help credit unions to function more effectively in the future.?"
"Beam me up Scotty!" Are you serious? These credit unions (77%) were just waiting around for the NCUA to mandate what they should do next. Is this great credit union leadership.
If this training requirement was so important to this group of credit unions, then why didn't they just implement it long ago. It is a sad state of affairs when credit leadership amounts to sitting back and waiting for the regulator tell us what the next step is to become "more effective in the future."