FOM Expansion Sometimes Is Only Way To Survive

Birch, Ray
June 2011
Credit Union Journal;6/20/2011, Vol. 15 Issue 23, p22
Trade Publication
The article reports on the move of the Federal Credit Union (FCU) to develop a business plan for charter expansion of small credit unions. It states that FCU chief executive officer (CEO) Helen Godfrey-Smith believed that the said expansion would increased the return on asset (ROA) and can avoid the intervention of the National Credit Union Association (NCUA). It says that FCU also offers assistance by increasing their knowledge and ability to become financially stable and sustainable.


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