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As the person interviewed for your online story of March 23 (“Symitar Eyeing CUs Unwilling to Recapitalize”), I’d like to take this opportunity to clarify the intent and context of my comments. As a former journalist, I fully understand the challenge of distilling a conversation that took 20 minutes down into a few sentences. In this case, I can see where my comments, taken out of the context of the full conversation, might be misconstrued.

Symitar has supported the credit union movement for more than 25 years. We are very proud to have a number of corporate credit unions as our customers and believe that the corporate network is both viable and essential to the future of the industry. We value our relationships with corporate credit unions every bit as much as we value our relationships with our natural person credit union clients.

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Peter Westerman


Credit Union Times

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