Chip Filson is a co-founder of Callahan & Associates and currently serves as the company’s chairman of the board or directors. A nationally recognized leader in the credit union industry, Chip is a frequent speaker and consultant for the credit union movement. He has more than a quarter century of experience in government, financial institutions, and business, and he co-founded Callahan & Associates in 1985. He’s held concurrent positions at the National Credit Union Administration (NCUA) as president of the Central Liquidity Facility (CLF) and director of the Office of Examinations. He 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 a master’s degree in management from Northwestern University’s Kellogg School in Chicago.
Legacy assets taken from the five liquidated corporates have increased in total value in the past 18 months.
NCUA’s November board actions and subsequent commentaries represent a lack of meaningful interaction between regulators and credit unions.
At its October board meeting, the NCUA released a final liquidity rule to be put in place by March 2014
The standoff over government funding and debt ceiling is a warning for a credit union system that depends on outside liquidity providers.
Several factors contribute to the impression that regulating credit union cooperatives is the same as banking oversight, but nothing could be farther from the truth.
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