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The June 8 issue of Credit Union Times contained a very comprehensive article titled, “Pay to Play: Comparing Capitalization Requirements.” The timing of this article couldn’t be more appropriate as credit unions across the county are performing due diligence on potential new service providers, both inside and outside the corporate credit union system.

Unfortunately, a few errors in the body of the article relating to Corporate One’s capital formula and strategy misstated our simple and easy-to-understand capital requirements. Therefore, I’d like to clarify a few of the most important points.

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Peter Westerman


Credit Union Times

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