Dismissing white knight depictions as overstated, John Tippets,the 70-year-old president/CEO of the near-failed North IslandCredit Union in San Diego, warned anew Thursday his CU still facesa tough climb toward full recovery “since the economy continues tostruggle and we are subject to forces beyond our control.”

The former American Airlines FCU head who retired from the TexasCU in 2008 and then took over North Island in November 2009 alsorevealed he might possibly try retirement again, perhaps nextApril.

“The annual meeting would be a benchmark but I will stay aroundas long as I am needed,” said Tippets, whose subordinates earlierthis week praised the veteran CEO for his management prowess inhelping to stabilize North Island over the last year and ahalf.

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