I was disappointed to read Paul Gentile's column in the August 1 issue that suggested large credit unions run this industry and, moreover, that they are apathetic about CURIA. Neither of these assertions could be further from the truth.

On his first point, I can attest to the fact that credit unions large and small have taken an active role in the development of the industry over the years. I can also personally attest that small credit unions have an active role in the development of NAFCU policy. Our membership ranges in asset size from below $10 million in assets to over $1 billion and they are all valuable members of the industry. And, the NAFCU staff and I carefully listen, consider and respond to them all, regardless of size!

Yes, inevitably, the larger credit unions may have more members and assets, and in some cases more time to devote to an issue, but member satisfaction and positive results are measured in many ways. One of our smaller credit unions, Shiloh Baptist in Alexandria, Va., which I have visited innumerable times, is a shining example of the creativity and commitment that they have employed to better serve their members in all areas from mortgages to small business loans.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 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.