Glatt Consulting founder and strategy consultant Tom Glatt, Jr. was quoted in a recent article by Credit Union Times correspondent Jim Rubenstein. The article, headlined “Merger World Is Topsy-Turvy,” focuses on concerns about the NCUA’s role in forcing or delaying credit union mergers, as well as the willingness of credit unions to merge.
Glatt Consulting founder and strategy consultant Tom Glatt, Jr. was quoted in two separate articles covering credit union issues. The first article focused on membership growth in California credit unions as a result of Bank Transfer Day. The second article focused on the performance and conservatorship of Telesis Community Credit Union. Continue reading “GC’s Tom Glatt, Jr. Quoted in Business Press”
On Friday evening the California Department of Financial Institutions placed Telesis Community Credit Union into conservatorship and then appointed the National Credit Union Administration as conservator. We have long known of the troubles at Telesis through evaluation of credit union performance tied to our Credit Union Industry HealthScore calculations. While we typically do not release score data on individual credit unions, we do make public the scores of conserved credit unions. Continue reading “How Healthy Is Telesis Community CU?”