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I was deeply disturb and disappointed at the letter that appeared in the July 7 issue from Charles Bruen, president/CEO of First Entertainment CU, voicing his views of the survival of small credit unions.

Working at a small credit union that is 14 years old with less than $1 million in assets, I take exception to his analysis that small credit unions are too small to survive in today’s environment. Perhaps Bruen forgot that every credit union started small, and need I remind him that large credit unions fully staffed with unlimited resources (compliance officers, etc.) are failing too?

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Peter Westerman


Credit Union Times

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