I would like to respond to Ken Fergeson's comments in the May 3 issue of Credit Union Times "Unrepentant banker vows to fight CUs for sake of family, country" where he said that "a society where credit union ideas are carried to the extreme would have no government. It would have no social services," and that because CUs do not pay taxes, "they do not contribute to this way of life." Mr. Fergeson should know that the ultimate payer of all taxes are the end consumers of any product or service. A world full of nothing but cooperative businesses would simply be a world where government couldn't hide taxes in the prices of our goods and services. Because he is so passionate about the issue, he will be a constant reminder that credit unions need to remain united and vigilant if we are to protect our way of doing things. For that, I thank him. Marshall Boutwell President/CEO Gwinnett FCU Lawrenceville, Ga
Not so fast Fergeson
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