Written by Greg Smith on 3/23/2009 12:00:00 AM
Earlier this month I wrote about the National Credit Union Administration’s (NCUA) actions to stabilize the corporate credit unions. Those stabilization efforts would have required all credit unions, including PSECU, to contribute to the National Credit Union Share Insurance Fund (NCUSIF) to replenish the fund.
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Written by Greg Smith on 3/6/2009 12:00:00 AM
I recently participated in the Governmental Affairs Conference (GAC) sponsored by Credit Union National Association. This annual gathering gives those of us in the industry a chance to take the financial pulse of the credit union movement. That pulse is strong, but there are concerns within the industry.
The good news is that PSECU is very healthy and very stable. Read More
Written by Greg Smith on 3/3/2009 12:00:00 AM
I recently went to the West Coast to meet with the management of a credit union. They were very interested in learning how we manage to serve more than 350,000 members across the state without branches. Especially in this economy, it’s painfully obvious just how expensive it is to build, staff and maintain branches.
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Written by Greg Smith on 1/7/2009 12:00:00 AM
In my most recent letter to the membership, I reported on PSECU’s current position and my take on what lies ahead in 2009. Such tough times require tough decisions, and I wanted to let members know the reasons behind some of the adjustments we need to make.
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