In response to Mike Welch's April 13 column, "CUNA Chairman Thinks Bank is a Four-Letter Word," I wanted to point something out to Mr. Ensweiler. Ensweiler, who apparently doesn't like credit unions to use the word bank in any context, may have forgotten that the first credit union in the United States was St. Mary's Bank, in Manchester, New Hampshire. They are a viable credit union with over $500 million in assets and approximately 52,000 members. It's awfully easy to forget our heritage, but it's important to periodically review our history so we know where we came from to help us get a bearing of where we're going. It's always nice reading Welch's column, thank you. Robert R. Adams President/CEO Catholic Federal Credit Union Saginaw, Mich.
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From the April-20, 2005 issue of Credit Union Times Magazine • Subscribe!
"Bank" Ban Goes Too Far
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