I would like to clarify a statement of mine in a page one article, "CUNA Commission to gather info, plan blueprint for CU reform legislation" in the May 31 issue of Credit Union Times. I'm quoted as saying that "it's not inconceivable the commission will rethink the idea of the dual chartering system." It is possible that some readers may take this comment to mean that CUNA or the Renaissance Commission will be looking at ways to end the dual chartering system. This is not the case. The importance of the dual chartering system is unquestioned. By "rethink," my intention was to convey a willingness to look at a wide variety of ways of improving the chartering environment for both state and federal credit unions and making it easier for them to serve members. The Commission will need to bring open minds and creativity to this process. We will do everything we can to encourage this. Dan Mica President/CEO CUNA
Continuation of dual chartering system critical
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