On Capital
“The ultimate safety and soundness is not the level of capital but how well the institution is attuned to the market. If it is not tuned well, it is going to fail no matter its level of capital. If it is tuned well, it will retain and attract members and will be healthy.” (pg 54)
Note: From the Coach’s Playbook, a collection of the thoughts of Ed Callahan’s observations on key credit union issues.