I just want to offer several comments on Mike Welch’s column in the Dec. 12, 2001 Credit Union Times regarding CUNA’s budget (“Observations on a plan, act, budget and name”).

I could not agree more; any budget in the red is not good. However, I do want your readers to know CUNA senior management was prepared to make the necessary cuts and adjustments to project a break-even (or better) budget for 2002. After a review of the situation, however, the CUNA Board and its executive committee along with management determined it would not be prudent to preserve the budget with drastic short-term measures. Measures that would significantly impair the effectiveness of an association that I’m proud to say has developed into an extraordinary organization during the last five years.

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