On page 8 of the October 9th issue of Credit Union Times, you report that a senior NCUA source said that publicly attacking private insurance only makes everyone look bad. Apparently NCUA General Counsel Bob Fenner didn’t read the memo. On page 4 of the same issue, Mr. Fenner does exactly that by using scare tactics to attack the idea of private insurance. I doubt that anyone who has converted to private share insurance is unaware of what happened in Rhode Island many years ago. This is 2002, American Share Insurance is strong and there are good reasons for credit unions to consider private insurance. NCUA continues to have a problem with private insurance and they need to get over it. Gene Roberts CEO Financial 21 Community CU San Diego, Calif.

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