In response to Mike Welch's April 13 column, "CUNA Chairman Thinks Bank is a Four-Letter Word," I wanted to point something out to Mr. Ensweiler. Ensweiler, who apparently doesn't like credit unions to use the word bank in any context, may have forgotten that the first credit union in the United States was St. Mary's Bank, in Manchester, New Hampshire. They are a viable credit union with over $500 million in assets and approximately 52,000 members. It's awfully easy to forget our heritage, but it's important to periodically review our history so we know where we came from to help us get a bearing of where we're going. It's always nice reading Welch's column, thank you. Robert R. Adams President/CEO Catholic Federal Credit Union Saginaw, Mich.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.