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In response to Sarah Snell Cooke’s column in the June 23 issue (“Mutual Respect for Mutual Survival”), Cooke seems to opine that the problems at the NCUA are at the examiner level. I believe the examiner is merely the symptom and not the cause.

The NCUA has adopted an aggressive loss-control policy that goes all the way back to the CapCorp fiasco. Its actions in recent years indicate that it is better to get rid of a problem at any cost without regard to timing rather than work with credit unions for correction.

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Peter Westerman


Credit Union Times

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