July 28, 2008


  • As usual, Chip knows which issues are important. Credit union access to alternative capital stands near the top. Alternative capital should be an option and not mandatory, but it could assist CUs to match their competitors in deploying infrastructure, inject a bit more market discipline into a CU''s operation, and give CU consumer members a chance to actually invest in the CU. Rather than reduce capital requirements like some in the industry adcvocate, alternative capital increases it. If credit unions intend to spend "political capital", why not spend it on something that every credit union can choose to use like alternative capital instruments?
    Marvin Umholtz