Having trouble viewing this email? See it on CreditUnions.com.

Industry Insights
SIGN UP   •    FEEDBACK   •   RSS   •    FORWARD March 24, 2009
   

Take a brief survey about our weekly newsletter to receive a free trial to CUtv!Timeless Wisdom in
a Timely Moment

When Ed Callahan went to NCUA in 1981, the Illinois Credit Union League presented him with a framed memento to hang in his DC Office. The sign read: "We don't run credit unions."

At one reading, the sign merely summarized Ed's approach to deregulation: boards and managers were responsible for their institution's business decisions. In a different context, it also captures the fundamentally different skills required to be successful in the competitive market versus a government regulatory agency.

That difference was forgotten last Friday when NCUA put itself in charge of the two largest Corporates, with total assets of over $60 Billion, through conservatorship. This action raises profound questions about the Agency's wisdom in taking this extraordinary step. All credit unions should be concerned… (Continued)

Continue reading my entire commentary.

To hear my action plan, please attend the
Play  Special Webinar Event: NCUA's Corporate Conservatorship: What's at Stake for the Credit Union System?

Chip  
  Chip Filson
  President, Callahan & Associates


Graph of the Week

Don't Miss This Graph — Download Images:
Retail Corporate Credit Union
Share of NPCU Investments

Graph of the Week
Click Here to See Larger Graph and Commentary


Student Lending Info

New CUtv On Demand

Play  CEO Interview: Diana Dykstra on Employee Engagement
Star complimentary
Employee education is more important than ever while addressing their concerns about the economy and their credit union.

Play  Return of the Member Index and its Credit Union Uses
* Subscribers Only
What are ROM Scores and how can you use them? See three examples of how credit unions use ROM Scores to their advantage.

Play  Mortgage Update:
Year End Data for 2008

* Subscribers Only
Staying up-to-date with real estate lending is critical in understanding loan performance.


First Look
AdvertisingAmerican

In This Edition

Timeless Wisdom in a Timely Moment: We Don't Run Credit Unions
Last Friday, NCUA put itself in charge of the two largest Corporates with total assets of over $60 Billion through conservatorship.

Ed Callahan and the Four C's:
A Personal Reflection

In the 1980s, Ed Callahan gave Credit Unions his half-time pep talk. He told them they could be better than they thought they could be.

Change Before You Have To, Or...
(Well, Change NOW)

AnswersEvery business person knows that change is inevitable, but they also know it is usually managed in two different ways.

Now is the Time to Make History
or Be History!

Make HistoryAchieve industry and individual credit union sustainability through collaboration. Create business networks with scalable platforms that meet shared needs, the key to transformation.

Cutting Through the Static:
Getting Your Voice Out There!

Now is not the time to hold back; it's an historic opportunity to further define the positive attributes of your credit union in the eyes of your members.

Understanding Troubled-Debt
Restructures (TDR's)

Understanding the difference between a restructure versus a troubled-debt restructure (TDR) is critical in an era of rising real estate delinquencies and foreclosures.

A New Era: All Americans Have an Opportunity to Join Us
This article was one of Ed Callahan's last contributions to the Callahan Report. Nowadays, any American can join a credit union, but how does this affect us?

Laying the Groundwork for a
Web 2.0 Strategy

Revisit the basics of Web 2.0 and understand the why's underpinning the evolution of new internet strategies.


Featured Press Releases

CUES Offers a Trio of Free Reports

CUES

Honoring an Industry Leader...Ed Callahan's Passing Silences a Credit Union Visionary

Callahan & Associates

Supplier Spotlight


J.R. Bruno


Helped thousands of clients dramatically improve their bottom line.

Find a Supplier
Career Center


Job Listings


• Target the Credit
   Union industry
• See career
   opportunities

Post A Job Now

Credit Union TV

Get Leadership strategies for use during a tough economy

 

The Allowance for Loan Losses:
Unraveling the GAAP Mystery and Providing Practical Solutions for Today's Challenging Environment

Live on Thursday, April 2nd at 2:00 PM EDT | 11:00 AM PDT
Recording Available After Thursday, April 2nd

Mike Sacher
Mike Sacher
Sacher Consulting


Callahan & Associates teams up with Mike Sacher for one of the most important events of the year. As a CPA with over 30 years experience providing services to credit unions, Mike Sacher has earned a national reputation for his expertise in accounting & finance, internal control, ALM and governance issues.

Mike has lectured extensively on the Allowance for Loan Losses. He has worked with numerous credit unions to enhance their ALL methodology to address the unique issues presented by this challenging economic cycle.

Brought to you by:

Callahan & Associates

1001 Connecticut Ave, NW Suite 1001 | Washington, DC 20036
P: 800-446-7453 | F: 202-223-1311

Should you no longer wish to receive these messages,
please click here to unsubscribe or email a request to callahan@creditunions.com.

You are receiving this email at [email address suppressed].