"A state-chartered credit union's ability to choose whether it wants to be federally or privately insured is the basis of the dual chartering system. This option is the only thing that makes having the choice of regulator valid." -Mike Litzau, president/CEO, Colorado Central CU, Arvada, commenting on the state's Division of Financial Services commissioner's research in to allowing SCCUs to be privately insured. "Our review of the requested documentation did not identify any abusive purchases made with the NCUA Bank of America issued purchase credit cards. However, we did identify some weaknesses in purchase card internal controls and card management issues." – William DeSarno, acting NCUA inspector general, in a study performed by his office of NCUA employee's purchase card usage. "This is a behavioral thing. Credit unions start gaining the trust of the member to write more checks because the member thinks `oh my credit union won't bounce my check just in case I do make an error.' " -Moeb$ Services Chairman Mike Moebs on one of the reasons why CUs should get into overdraft protection.