As the Chairman of the Illinois Credit Union League Legislative Committee and CEO of a medium size state chartered federally insured credit union, I couldn’t agree more with Mike Welch’s March 12th column, “NAFCU Attack on Private Insurance Bad Timing”. This ill advised and poorly timed public policy position serves only to divide our credit union political effectiveness and could adversely impact our state and federal lobbying efforts. An important lesson credit unions and their trade associations have learned from the historical HR 1151 battle, simply put is “credit unions regardless of charter type, field of membership or asset size must remain united against a common opponent”. Having experienced the divisiveness and “turf wars” of the banking industry over the years, I can assure you that the success of our credit union lobby is not only a strong grassroots effort but also, most importantly, “unity” on legislative and regulatory issues to maintain a strong dual chartering system. Let’s tone down the “rhetoric” regarding the optional private deposit insurance coverage and concentrate our resources to ensure all credit unions remain a viable alternative to for-profit financial institutions. Welch’s column quite eloquently underscores this important point! John Bratsakis President/CEO Community Trust Credit Union Gurnee, Ill.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.