MrEarl,
Cu,s are inclined (unlike the banks) to do what Central Bank tells them in both the spirit and law , and fail to realize that in FINANCE they are the only good guys standing.
They have the public support/funds to NOT be rail-roaded by Central Bank, and are well capable of organising/changing themselves.
They seem to accept all edicts from a failed Central Bank and I would be afraid that Cus could become locked into box filling lenders .
It appears that ILCU have rolled over and each Cu seems trapped in a never ending Compliance regime.
They appear to have too much respect for the Central Bank .
They did not remain successful by following the way Central Bank ran things previously , so why accept all the failed entities rules now?
( I am as you can read not a Central Bank fan) ie they are not to be trusted.