wlmmyers
04-23-2002, 06:54 PM
********I think CAP would only take more of my staff time away from serving members to serving the reg's!* CRA has has little or no effect on the underserved in our part of the country.* I am against CAP or another rule,reg,law that take my time to prove what I am doing.* Check the number of loans my CU makes to under 600 credit score, how many loans my CU makes to below median level income households etc.* If regulators want to know it is a matter of record.*
********Thanks for the blow time.
*Max Stoll -- Central Oklahoma FCU
PO Box 310
Davenport, Ok 74026
office (918) 377-2341
home (918)377-2976
fax* (918) 377-2555
e-mail mstoll@brightok.net
Hi, you three,
********Just a personal "thanks" for your strong comments on the NCRC arguments against the repeal of CAP. (I didn't want to respond through the "list" and I hope you won't forward my comments to anyone else.)
********I know a lot of credit union people don't have the time or inclination or don't feel articulate enough to respond to the NCRC people, so it's especially vital* that you air out these issues. I really enjoy reading your comments. You catch all the main arguments and give forceful yet positive responses.
Louise Wynn <LWynn@cuna.coop>
The question is, how do we know credit unions are lending to the undeserved?* As someone who is currently conducting an Analysis of Impediments to Fair Housing, I can say that it is next to impossible to get data from credit unions about home loans, refis, etc.* At least I can get HMDA data from banks.* As a philosophical question, why should a non-profit organization be exempt from providing information to allow actions to be reviewed for impact on the public?
Jonnie Pullman, Executive Director
Affordable Housing Resource Council
1400 Wedekind Road, Ste 3
Reno, NV** 89512
775.324.1870** FAX* 775.324.2553
"AHRC" <ahrc@gbis.com>
Mr. Myers;
The reality is that LARGE* credit unions make fewer loans to Hispanic and Blacks than do lenders regulated by the Community Reinvestment Act. At least for this County in So. California. Maybe you should sort your local HMDA data by regulatory agency and you might find that lenders working within the Community Reinvestment Act do, in fact perform better than large credit unions. The large credit unions are tending to look more and more like banks but unfairly benefiting from their non-profit status.
From: Jim Bliesner <JBLIESCD@co.san-diego.ca.us>
This post transferred from the cdb-l mailing list
********Thanks for the blow time.
*Max Stoll -- Central Oklahoma FCU
PO Box 310
Davenport, Ok 74026
office (918) 377-2341
home (918)377-2976
fax* (918) 377-2555
e-mail mstoll@brightok.net
Hi, you three,
********Just a personal "thanks" for your strong comments on the NCRC arguments against the repeal of CAP. (I didn't want to respond through the "list" and I hope you won't forward my comments to anyone else.)
********I know a lot of credit union people don't have the time or inclination or don't feel articulate enough to respond to the NCRC people, so it's especially vital* that you air out these issues. I really enjoy reading your comments. You catch all the main arguments and give forceful yet positive responses.
Louise Wynn <LWynn@cuna.coop>
The question is, how do we know credit unions are lending to the undeserved?* As someone who is currently conducting an Analysis of Impediments to Fair Housing, I can say that it is next to impossible to get data from credit unions about home loans, refis, etc.* At least I can get HMDA data from banks.* As a philosophical question, why should a non-profit organization be exempt from providing information to allow actions to be reviewed for impact on the public?
Jonnie Pullman, Executive Director
Affordable Housing Resource Council
1400 Wedekind Road, Ste 3
Reno, NV** 89512
775.324.1870** FAX* 775.324.2553
"AHRC" <ahrc@gbis.com>
Mr. Myers;
The reality is that LARGE* credit unions make fewer loans to Hispanic and Blacks than do lenders regulated by the Community Reinvestment Act. At least for this County in So. California. Maybe you should sort your local HMDA data by regulatory agency and you might find that lenders working within the Community Reinvestment Act do, in fact perform better than large credit unions. The large credit unions are tending to look more and more like banks but unfairly benefiting from their non-profit status.
From: Jim Bliesner <JBLIESCD@co.san-diego.ca.us>
This post transferred from the cdb-l mailing list