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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.
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.
The fate of the payout from liquidated corporate credit unions rests with the NCUA.
Data from different sources documents discrepant views about the Temporary Corporate Credit Union Stabilization Fund.
The Federal Credit Union Act requires the NCUA to submit an annual report to the President and Congress by April 1. Another year has come and gone with no report.
The annual performance of the share insurance fund is a real-world test of NCUA’s ability to identify future risk, document potential shortfalls, and accurately manage uncertainties.
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