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I was pleased to see the recent reports that fewer credit unions are selling their card portfolios and credit union card programs are out-competing other financial institutions (Credit Union Times, Jan. 16, 2008). It’s a great success story for credit unions, and as a former credit union executive it’s a story that I can relate to. It is useful to reflect on how credit unions proved that naysayers of credit unions and card-programs were wrong.

Credit Union Times

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