K quarterly reports. It isn't just credit unions that are making good Y2K progress. NCUA Chairman Norm D'Amours has been touting credit unions' readiness before Congress and on the speaking circuit. It's looking good for our credit unions. Tautkus said any Y2K problems will be created by the media and bad PR efforts by CUs.
Public relations is a big concern.
The league and NCUA are starting to get more Y2K promotional material into the credit unions. Mark Powell, supervisor of the credit union division for the Indiana Department of Financial Institutions, said credit unions started slow with Y2K a few years ago, but are now ahead of the game. This was an issue on its face that could have led to chaos. Today it's going remarkably well. Powell attributes Indiana credit unions' Y2K preparation, partly, to state regulators getting on-site at the credit unions as quickly as possible.