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One of the core principles in the U.S. Constitution is the notion that government should not take a citizen’s property without just compensation. Our country upholds the rights of people to own property without unnecessary government intrusion. If government were to unlawfully seize one’s property, it would be an offense to this basic democratic philosophy. This is precisely what I think could happen if the NCUA proceeds with its public position that credit unions’ rights to recoveries from written-off corporate investments will be extinguished.

Peter Westerman

Credit Union Times

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