ARLINGTON, Va. — Even though his credit union is the lead plaintiff against former and current directors and employees of Western Corporate Federal Credit Union, Stuart Perlitsh said he hasn't been pressured by or felt the wrath of the NCUA "yet."

The president/CEO of Glendale Schools FCU said because his institution has a "very good" CAMEL rating, which he can't reveal, "I think I can be a little more outspoken."

Perlish, who filed the suit last December, discussed the litigation and related subjects at last Monday's dinner meeting of the Metropolitan Area Credit Union Management Association in a session moderated by Credit Union Times Editor-in-Chief Sarah Snell Cooke.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.