This letter is in response to Carol Anne Burger's May 3rd story on Mr. Ken Fergeson of the National Bank of Commerce. After reviewing his comments, I question whether they even merit a response. To the uninformed consumer, taking Mr. Fergeson's remarks at face value, one might be inclined to assert that credit unions are nothing but loathsome and evil. I venture to ask our "Man from LaMancha," where was he during H.R. 1151 (fighting a windmill?). Every argument that Mr. Fergeson brings up was almost laughable. He can drone on about credit unions having an "unleveled playing field," dismiss our structural differences as "immaterial" and sling mud at our industry all he likes. The fact of the matter is, the people have spoken. With the likes of Mr. Fergeson primed to chair the ABA's Government Affairs Committee, my guess is that the credit union industry will make even greater strides in preserving the consumers right to choose. Christopher R. Kennedy, Ph.D. Vice President Credit Union Affiliates of New Jersey
Fergeson is too much, too late
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