Paul Gentile suggested in his Aug. 1 column that the large credit union CEOs who control the industry "could care less" if CURIA passes or not. This has not been my experience. At $200 million, we certainly don't fall in the large credit union category, but in the circles I travel in my observation has been that the big guys are very actively lobbying for CURIA. The CEOs I have come to know and respect are aggressively trying to improve their operation to enhance services offered to members and they are not passive about any regulatory change that would improve the environment in which we operate.
While the big guys "have fortunate situations" these folks care more about CURIA and the good of the entire industry than you may be giving them credit for…they don't "wait it out"…they make things happen and they are supportive of CURIA.
Michael J. Parsons
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President/CEO
First Source Federal Credit Union
New Hartford, N.Y.
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