Moving Past a Share Insurance Solution

Insurance funds like the FDIC were set up to pay off relatively small claims, not solve problems during systemic failure. NCUSIF in 1984 and the CLF were set up differently, with capital. The financing now facing credit unions is best solved not with an “insurance” mindset but a capital one.


Please enjoy this preview of the December issue of Callahan’s Credit Union Report. The preview includes a summary of the lessons learned from the recession and an excerpt of an article from Chip Filson asking the poignant question, “When does insurance stop being insurance?” Other articles from the full issue include Busy Sebastian’s take on the need for forbearance, and Jon Jeffreys discussing the dangers of cash heavy balance sheets.

Click here to preview Callahan's Credit Union Report.