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Despite the expectation on my part for the August doldrums, the credit union community has been busy making news. In acknowledgement of all the goings-on, I’ll address several issues in this column.

First, and I think foremost, is the resurfacing of the alternative capital issue. I love the issue because it is so intricate. It touches on so many different aspects of what a credit union is and does and is so controversial and political. As I’ve stated before in this column (CU Times, Feb. 6, 2008), I feel divided on the issue but came down against credit unions having access to alternative capital.

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