“I think if you took the pulse of credit unions today, you would discover two feelings: worry over the growing authority of NCUA; and a desire for more flexibility than now exists under the charter options . . . The best remedy to this climate is a vigorous dual-chartering system, that is, both a vibrant federal chartering option and a vibrant state-chartering, non-federal share insurance. Danger grows if there is only one option. Such a climate breeds bureaucracy and lazy thinking.”
– Ed Callahan, May 2000