Feb. 20, 2006


Comments

 
 
 
  • I totally agree with his comments.
    Anonymous
     
     
     
  • Is USAA really a bank? Isn't it a cooperative owned by it's members as well?
    Anonymous
     
     
     
  • This is a re-hash of something Mr. Pollock wrote last year, now updated for references to DFCU and Ways and Means. It's too bad he didn't update his thinking, too. His "fourth stakeholder for free" argument is a classic zero-sum mentality, where one man's earnings must come at the expense of someone else. It ignores leverage of the capital raised and the acceleration of earnings derived therefrom, which more than makes up for taxation PLUS an appropriate return to shareholders. Deployed creatively in the hands of smart management operating in a growing market, new capital -- leveraged at 20:1 -- throws off enough to make everyone happy, especially the members who elect to purchase shares. Mr. Pollock may have himself convinced but, without risk-based capital, a 5% leverage threshold, and access to secondary capital, there will be plenty of others who decry the credit union charter's limitations -- including some of the industry's own spokespeople in their testimony to Congress.
    Anonymous
     
     
     
  • Interesting but no specific examples are given to show that the rates and fees of Pentagon are better than those of banks and thrifts. Why not tell us the CD rates of Pentagon both short and long term and how they exceed their non-cu competitors, and also how their rates for loans to their members are less than non-cu institutions charge.
    Anonymous
     
     
     
  • Interesting but no specific examples are given to show that the rates and fees of Pentagon are better than those of banks and thrifts. Why not tell us the CD rates of Pentagon both short and long term and how they exceed their non-cu competitors, and also how their rates for loans to their members are less than non-cu institutions charge.
    Anonymous
     
     
     
  • Interesting but no specific examples are given to show that the rates and fees of Pentagon are better than those of banks and thrifts. Why not tell us the CD rates of Pentagon both short and long term and how they exceed their non-cu competitors, and also how their rates for loans to their members are less than non-cu institutions charge.
    Anonymous
     
     
     
  • Thank you for makeing this information aviable to the DFCU members,me.It is easy to understand. Everthing Mr.Pollock has written is clear and true he is right. DFCU needs to stay just the way it ism,for the good of use the members.
    Anonymous
     
     
     
  • It's absurd to say that Pentagon's success does not come from superior management. Frank...get serious, the effort and intelligence you and your mgmt team have applied to PFCU is superior and the results are excellent. But, the rest of us have some intelligence, too. You are Pentagon FCU not the average CU on Main Street. Any layoffs at the Pentagon lately? The future looks so bright (for you) you need both sunglasses and a steel pot! PFCU is the sweet spot of CUs. I am not a believer in the stock model. I admit that bias. However, it is very possible that growth rates with the MSBs (the non-stock MSBs) may be so far above the average CU on the street that the taxation is a moot point.
    Anonymous
     
     
     
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    Kunal Mandalia
     
     
     
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    Test 123
     
     
     
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    Anonymous
     
     
     
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    Anonymous
     
     
     
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    Anonymous
     
     
     
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    Anonymous
     
     
     
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    Anonymous
     
     
     
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    Anonymous
     
     
     
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    Anonymous
     
     
     
 
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