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Limiting Credit Union Charter Options Hurts All Credit Unions

Conversion to the mutual charter is a legal option opposed by NCUA bureaucrats, some trade association executives, a few wooly-thinking credit union managers, and even the trade press. But, it was not long ago that independent-minded credit union executives investing in government securities, mortgage lending, investment services, business lending, and...

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Conversion to the mutual charter is a legal option opposed by NCUA bureaucrats, some trade association executives, a few wooly-thinking credit union managers, and even the trade press. But, it was not long ago that independent-minded credit union executives investing in government securities, mortgage lending, investment services, business lending, and even charter expansion generated a similar outcry.

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