Casey-Landry's Facts, Outlook Skewed

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.