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I was very disappointed to read the negative comments regarding indirect lending made by NCUA Chairman Debbie Matz in her speech at the town hall meeting in San Diego [CU Times, Oct. 14]. I believe that these sorts of remarks reflect a bias against indirect lending that leads to a disproportionately negative focus by NCUA examiners. What is even worse, publicity about such remarks and reports of arbitrary or even irrational examinations of indirect lending activity leads many credit union executives, whose credit unions could benefit greatly by well-run indirect programs, to decline even considering implementing one. This in turn negatively impacts the strength of credit unions overall and is likely to impede the recovery of the automobile industry.

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Peter Westerman

Credit Union Times

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