Is Waiting a Sound Strategy?
Is waiting for Congress to enact a wish list of new powers to correct the problem a sound strategy? Doubtful, because, even if these elusive new powers are acquired, many years may pass before regulators, investors, and the marketplace embrace them. The delay would be costly to members and career threatening for employees. Justifiably, many credit union managers concerned about long-term viability and maintaining independence are exploring better options while a few exist.