There Must Be a Firewall Between Corporates and Natural Person CUs

In her Oct. 7 column, Editor-in-Chief Sarah Snell Cooke mistakenly equated the support or nonsupport of corporate credit unions to the support or nonsupport of smaller credit unions. She observed, “This corporate debate has become a divisive issue between the large and small credit unions…. Creating a wall between the corporates and NPCUs only further drives that wedge since primarily it is the smaller credit unions that require the pricing of the services that corporates provide.”

First Entertainment Credit Union’s primary obligation is to its own membership rather than to small credit unions, other large credit unions or, especially, to the esoteric concept of a credit union movement to which one has a duty to sacrifice. Notwithstanding Cooke’s lament, moving forward there must be an indestructible firewall between the corporate credit unions and First Entertainment’s membership. Anything less ironclad is unacceptable and irresponsible.