NCUA Chairman JoAnn Johnson told over 3,000 assembled today at CUNA’s Governmental Affairs Conference (GAC) in Washington, D.C., using the words of inventor Charles Kettering, “If you have always done it that way, it is probably wrong.”Not advocating a disregard for established practices, precedents and traditions, NCUA is rather evaluating current procedures and considering potential changes in three areas — Bylaw enforcement, the CAMEL matrix, and Prompt Corrective Action.

You must be logged in to post a comment.