ROSEVILLE, Calif. — After a conversation today with a concerned credit union CEO on what he should be doing with his broker in the midst of the Lehman Brothers bankruptcy filing and Merrill Lynch acquisition, one noted industry expert emphasized “this is not Enron.”

“Members need to hear this,” said Pete Snyder, president of Snyder Consulting Solutions LLC, an investment and insurance service consultation CUSO. “The big issue with Enron, from a human perspective, is that all of the employees lost their retirement plans. Credit unions and members really don’t have a tie into Lehman Brothers.”

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