Wescom Credit Union and PSCU have proposed a new CUSO to buy and manage credit card portfolios. It is a service credit unions are by regulation allowed to undertake. The idea is brilliant. It keeps the credit card business within the movement. Of course it meets with great consternation by the bankers. Why am I not surprised? Buying credit card portfolios has always been the bankers' right. Who would have the audacity to try to change this? Darren Williams, president/CEO of Wescom, and Dave Serlo, president/CEO of PSCU, that's who. This service is nothing new to either the credit union or PSCU. There is a huge and successful track record of both parties. It is not Sears going from socks to stocks.it is simply the unification and cooperation of credit unions to benefit credit unions by combining these loans for economies of size. Hopefully our regulators will also see the benefits and quickly approve the necessary actions needed to accomplish this. We do not need bankers' approval for this! I say carry on and keep thinking up new ways to work together! Judy McCartney CEO Orange County's Credit Union Santa Ana, Calif.