Your statement that “Credit union executives don’t work for private companies” (Credit Union Times, April 16, page 14 column) is as far from the truth as it can be. It is true that credit unions are nonprofit and that most if not all nonprofits’ salaries for top executives are available to the general public.

However credit unions, while being nonprofit, are a very private companies. As an example the population of the United States is estimated to be about 300 million. Of that number, we have a total membership of 4,600. Our potential as reported to NCUA is 25,000. Even if every one of our potential members joined today that would still leave 299.975 million people in the United States that have no connection whatever with the credit union.

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