Apr 13
Glatt Consulting founder and strategy consultant Tom Glatt, Jr.’s opinion article on NCUA openness and transparency has been published by Credit Union Times. The article suggests a recent essay by Federal Reserve Bank of San Francisco’s President/CEO, John C. Williams serve as a point of reference for NCUA’s own efforts at transparency.
On Friday evening the California Department of Financial Institutions placed Telesis Community Credit Union into conservatorship and then appointed the National Credit Union Administration as conservator. We have long known of the troubles at Telesis through evaluation of credit union performance tied to our Credit Union Industry HealthScore calculations. While we typically do not release score data on individual credit unions, we do make public the scores of conserved credit unions. Read more
The Glatt Consulting Credit Union Industry HealthScore for Q4 2011 decreased from 2.265 to 2.246, a decline of 0.82% from Q3 2011. What does this mean? Should we be concerned? Is it time to sell our credit union stock? Read more
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