The article titled “America’s Community Bankers Shifts Focus to CU Bank Conversion Regs”, in the March 23 issue starts with one major fallacy. The community bankers were not showing their “softer side” as the lead says – they are showing their voracious appetites, because once a credit union converts to “for-profit” status, it gives the bankers every opportunity to buy-out the newly converted bank. Usually the get rich quick minds of the management and boards seeking to convert those credit unions have only one thing in mind-what’s in it for them!!! Their interests are not for the interests of the membership who built the credit union since it was formed. Bruce A. Rodela President/CEO Washoe Credit Union Reno, Nev.

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?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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.