I read the recent letter to the editor by Diane Casey-Landry (CU Times, April 26, 2006) and just have to say that her comments, in response to the opinion column by Suncoast Schools FCU CEO Tom Dorety (CU Times, April 19, 2006), are remarkable both in what she says and what she omits. Clearly she is desperate to validate what good judgment would tell any independent person is wrong.

Mutual savings banks are in fact as old as our nation. But despite the ease of finding relatively large mutual savings banks, the truth is that most of them have converted to other charters. Yes they thrive on self-determination and that determination for most of them was to change to another charter. The point she omits is that a mutual savings bank charter is becoming a rare charter and is not likely to be a long-term charter for those credit unions that convert.

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:

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.

Already have an account?


© 2023 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.


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 TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.