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Take a brief survey about our weekly newsletter to receive a free trial to CUtv!Conservatorships Demonstrate Need
for Greater, Not Less, Transparency

Today, NCUA's conservatorship of WesCorp and US Central and their $61.3 billion in assets became final. In a press conference this morning, Chip Filson stated that NCUA has taken a problem in the corporates and turned it into an industry crisis. In the statement, he said that NCUA is forcing credit unions to write off capital accounts, pay premiums and even request legislation using modeling estimates that concludes the "dislocated securities" are actually worth less than their current market value! He finishes, "These actions show a serious failure of judgement not to mention, common sense."

Click here for the full press statement, plus the four page analysis.

Chip  
  Chip Filson
  President, Callahan & Associates


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Highest Share Growth
Since 2003

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Play  Return of the Member Index
and Its Credit Union Uses

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Callahan's Nick Connors leads a presentation that details our ROM score, how the metric is calculated and how 3 CUs use it.

Play  CEO Interview: Phil Buell on
Helping Members with Job Loss

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Phil Buell, CEO Superior FCU ($282M) in Lima, OH discusses strategies for helping members who have recently lost their jobs.

Play  Industry Shares Update:
2008 Year End Data

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The deposit portfolio experienced balanced growth across all major categories and share balances grew at the fastest rate in five years.

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In This Edition

Press Statement on NCUA
Conservatorship Action

On Tuesday, March 31st, Chip Filson hosted a press conference to review his assessment of NCUA's actions after the Conservatorship became final overnight. This is his full press statement.

Interview with Amy Sink:
Meeting Challenges in Indiana

Amy Sink, CFO of Teachers CU in South Bend, IN, spoke with Credit Union Strategy & Performance editor Brooke Stoddard in early March on the challenges and opportunties her credit union faces in 2009.

Managing Risk While
Improving Your Bottom Line

Gateway OneAs delinquency, mortgage foreclosures and unemployment percentages increase, credit unions must mitigate their risk exposure.

Peer Group Comparison:
ROM & Financial Performance

Callahan's Return of the Member score quantifies member value. But do leading credit unions in this metric also demonstrate above average financial performance?

A Wake Up Call for Credit Unions
Beleagured members benefit when Ent Federal Credit Union's collections team morphs into proactive Member Solutions department.


Learn how to capitalize on the technologies of Web 2.0 to grow your Credit Unions business

Featured Press Releases

Industry Leaders Examine What's at Stake Following NCUA Conservatorship Action

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Credit Union TV

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Leadership: Engaging & Inspiring Employees
During Trying Times

Live on Wednesday, March 25th at 2:00 PM EDT | 11:00 AM PDT
Recording Available After Wednesday, March 25th

Key Takeaways:

  • Motivate employees to see beyond the current downturn: There are always winners in a down environment so now is the time to build relationships for the long-term
  • Address employee concerns and defeat the defeatist attitudes that can lead to negativity in the workplace
  • Educate your employees about the credit union business model and your particular financial situation to combat the generalities the media loves to hype
  • Mentally equip your employees to respond to the negative news in the local press and evangelize the credit union message

Brought to you by:

Callahan & Associates

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

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