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Credit union people are like family to me, but, like family, sometimes there is a need to have a heart-to-heart talk. There is a crisis in our industry, but very few of the people associated with the industry publicly acknowledge it. The traditional credit union model no longer works and will never work again. If we do not take steps to transform the model now, credit unions run the risk of marginalization or elimination.

Peter Westerman

Credit Union Times

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