The meeting was conducted yesterday online. It lasted less than one hour. There was studied attention throughout to results and outcomes through December 31, 2019, with much discussion and elaboration. There was not, until the very end of the meeting and then only in response to a question from the attendees, any mention of pandemic impact on credit union financials. The claim at that point was that all is well.
In fact that rosey "all is well" signal was order of the day throughout the meeting. Seldom was heard, from any of the Andrews potentates, any sort of discouraging word whatsoever. This despite Andrews' current "C" rating over at Weiss Ratings, with profitability and liquidity clearly not faring very well at all. And that was before the pandemic.
