|
|
Article: In Remarks Before Bankers, Ex NCUA Chair D'Amours Critical Of Credit Unions.(National Credit Union Administration)
- Article from:
- Credit Union Journal
- Article date:
- November 15, 2004
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Former NCUA Chairman Norm D'Amours was critical of many large credit unions and credit union trade associations in recent remarks delivered before the Iowa Bankers Association's annual meeting.
Below are excerpts of the comments delivered by D'Amours, which were also distributed in a magazine published by the IBA.
You can't generalize about credit unions. All big credit unions aren't bad; and small credit unions aren't always great. I've seen some big credit unions doing a magnificent job reaching out to low-income people. Unfortunately, their numbers aren't large.
The credit union industry is controlled by well-paid insiders of a few trade ...