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QUOTES WORTH QUOTING

"A liquidation would be a real disservice. Even if they liquidate, they are going to have to clear up many commitments to members

By Lindsey Siegriest | Updated on May 05, 2009

“A liquidation would be a real disservice. Even if they liquidate, they are going to have to clear up many commitments to members. To keep it going and by eliminating overlap, I would think the credit union industry would be well served through the merging of the organizations.”–George Frerich, chairman/CEO of The Frerichs Group, a merger consultation firm, on the proposed merger of Space Coast Credit Union and Eastern Financial Credit Union.

“We cannot go back to an economy that is built on a pile of sand–on inflated home prices and maxed-out credit cards, on over-leveraged banks and outdated regulations that allow the recklessness of a few to threaten the prosperity of us all.”-President Obama during last week’s news conference.

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