NCUA: Credit union regulator or cheerleader?
by. Keith Leggett
Once again, the National Credit Union Administration (NCUA) has confused its role as a credit union regulator for being the head cheerleader from the credit union industry.
On July 2 NCUA Board member Michael Fryzel wrote an opinion piece responding to opinion expressed by Frank Keating, the president and CEO of the American Bankers Association, about NCUA chartering a credit union to serve pro athletes.
However NCUA Board member Fryzel never addresses the issue about a credit union for pro athletes. Maybe that would be too hard to explain.
Instead he writes about how wonderful credit unions are and how people of means and of modest means prefer credit unions.
Tell that to the poor guy in Florida who got the run around from Achieva CU and Fryzel’s agency. See my June 21 blog post.
continue reading »
