June 16, 2008


Comments

 
 
 
  • The second reason is poor financial management in my opinion. Credit unions OVERPAID their members well above the market demands. Credit unions on the whole were slow to recognize the falling rate environment and adjust pricing accordingly. We essentially rewarded the depositor at the expense of the borrower.
    Anonymous
     
     
     
  • I wonder if some credit union''s are not being pro-active about providing sufficient loan loss reserves.. I know our members are better and are more likely to pay, but are they 2-4 times more likely to pay? I think there are much more losses to come...
    Anonymous
     
     
     
  • The problem with the dividends comment is that it is so depend on interest rates in the market particularly with credit unions holding more and more of their shares in certificates and money market accounts. As rates in the market increase dividends will increase. As rates in the market deacrease dividends will decrease.
    Anonymous