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This is the weather report from GAC, last week’s credit union confab in Washington DC. On the show to report on key developments is Sarah Snell Cooke, former editor in chief and publisher of Credit Union Times and now a consultant to credit unions' business partners.

The big question at GAC was: is this really the end of the credit union federal tax exemption?

Also on the agenda was what’s the impact of staff reduction - a la DOGE - on NCUA? Can the regulator adequately perform with significantly reduced staff?

Which leads to the big question: will NCUA be merged into another agency?

As for that last point: Cooke’s firmly held opinion is that if NCUA is merged into another agency this will spell the end of credit unions as we know them. That’s a gloomy prognosis but Cooke explains on the show why she believes it.

On the show too she predicts that that demolition of NCUA won’t happen.

Listen up.

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