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Mike Welch is right on about Lake Michigan Credit Union’s solid performance statistics (CU Times, Nov. 3). Their numbers are indeed impressive with a 2%-plus Return on Assets. Here is a credit union that could be giving back $100 per member every year and still maintain a 1% ROA. Doing so would greatly curtail their growth. Currently their capital ratio is falling despite the phenomenal ROA. So the real fix is getting the NCUA to lower the net worth requirements to match that of a bank, or give credit unions other avenues to raise capital. Dean Wickstrom CEO REAL Financial Credit Union Minneapolis, Minn.

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