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.
This hearing allows McWatters to present his thoughts on the NCUA board’s role and for senators to learn about his views on the regulation of financial cooperatives.
NCUA's proposed rule not only presents an unbalanced portrait of the home-based credit union today but also overrides the right of a credit union to choose a different design and purpose.
Anecdotes and comments about NCUA home-based credit union rule demonstrate the power of the cooperative model.
Home-based credit unions are a part of the movement’s DNA and have played a vital role in their members’ lives for decades. In this CBS News clip, the network praises the noteworthy accomplishment of this refreshing kind of financial institution in the aftermath of the financial crisis.
When did a public hearing become a secret proceeding?
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