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Chip Filson is a co-founder of Callahan & Associates and currently serves as the company’s Chairman of the Board. A nationally recognized leader in the credit union industry, Chip is an astute author, frequent speaker and consultant for the credit union movement. He has more than 40 years of experience in government, financial institutions, and business. Chip’s breadth of experience makes him an authority on a wide range of topics, including analysis of credit union trends, credit union public and market-facing opportunities, and strategies for enhancing member value. Chip’s contributions to the cooperative movement have been demonstrated with his analysis and advocacy for the corporate credit union system, NCUA’s Corporate Stabilization role, and the need for regulatory reform.
He is an avid believer that cooperative principles are a key to credit union success and founded Coops4Change (www.coops4changes.org) to reestablish cooperative principles as the foundation for the credit union regulatory system. Chip has held concurrent positions at the National Credit Union Administration (NCUA) as president of the Central Liquidity Facility (CLF) and Director of the Office of Programs, which includes the NCUSIF and the examination process.
Chip holds a magna cum laude undergraduate degree in government from Harvard University. After being awarded a Rhodes Scholarship, he earned a master’s degree in politics, philosophy, and economics from Oxford University in England. He also holds an MBA in management from Northwestern University’s Kellogg School in Chicago.
A review of NCUSIF audits show a rebuff of reality that marks seven years of building budgets while thwarting the fund’s intent to sustain and nurture.
NCUA chair Debbie Matz leaves the board as the movement prepares to live with burdensome new capitalization standards that data show nearly no credit unions currently run afoul of.
The regulator's drastic move is a troubling illustration of how the agency created to foster the movement’s safety and soundness is becoming a threat to its future.
Credit unions need to value service as much as profitability and be able to show it.
This analysis of the estates of the five liquidated corporate credit unions includes five action steps that credit unions can take individually and collectively to help retrieve their funds from the $4-$5 billion windfall.
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