The right one to lead the bank out of this self-inflicted downward spiral. How many word fumbles and nervous gestures are allowed? Who is the backup? When will the bank be sold? For the good of the membership, just like the Investment Management Co. All valid questions.
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@a2 he brought it to profitability through 1) a trick accounting practice he introduced in Jan 2024 2) massive layoffs (37% less non-member contact) but it’s covered because a year prior we started cutting the amount of third party contact centers and hiring internal MSRs.
We’ve seen the consent order related to money laundering right? Moran was the CFO during the entire time. So complicit. Now he’s in charge of the bank. The man who allowed the worst money laundering got a promotion and now runs the bank, during the most corrupt time in history with the least oversight. That’s not a mistake. That bank won’t be sold anytime soon. It’s all done by design. But pendulums always swing with opposite force and this house of cards will fall.
The bank will not be sold. If we were to be sold, we’d know something about it at least by now and there has not been one Damn word said about it.
I find it really suspect that when the Bank president says you expect major changes in 2026. What the he-l is that supposed to mean? When is this mo--n gonna realize that people at work don’t wanna walk around on eggshells every damn day of their lives
@ae and P&C agreed to take more shared services expenses. Forces higher policy premiums on P&C members.
@a2 which isn’t the flex many think it is. The main reason the bank is profitable this year is due to the layoffs that have happened every quarter.
Because he brought bank to profitability..