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The substantive economic and market-related challenges experienced nationwide over the past several years have highlighted the need for our industry to be better equipped at the strategic and operational levels to handle unforeseen market opportunities and challenges. Supplemental capital is a tool that credit unions could find useful for various scenarios, and for that reason it should be available to those who are interested in the opportunity it may provide and equipped to properly and prudently manage its use.

With net capital of nearly 12% and continued strong ROA, San Diego County Credit Union does not currently have a pre-designated reason to consider the use of supplemental capital in the near future. However, if supplemental capital was made available to the industry, management would take a look at potential opportunities to further strengthen our strategic position based on the related parameters associated with its use. On a prospective basis, the availability of supplemental capital could be highly important as a strategic and financial tool as the financial services industry and related competitive and market-related factors continue to evolve.

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Peter Westerman

Credit Union Times

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