I wanted to compliment Mike Welch on his April 20 column, "Credit Unions Do a Lot Right But Not Everything." I particularly agreed with his pointabout credit unions' very low delinquency rates, yet with loan denials as high as 46%. A major contributing factor to the lowest delinquency rates and high loan denials are credit unions' inability to differentiate between `no credit' and `bad credit.' Case in point – my friend has a 3.96 GPA in college and has so many scholarships he makes money going to school. On top of that he is working at an engineering internship making $15-20 an hour. Upon completion of his undergrad, he is going to Duke to get a masters in law. He will be among the top 1% of earners within 10 years. He is 20, and when recently applying for a credit union's credit card, was turned down due to no credit. Congratulations on a new year of low delinquency rates. Guess where he won't be going for future financial products. Oh yeah, he just got a credit card with Capital One. Bryan Sims CEO brass|MEDIA Inc. Corvallis, Ore.