On the front page of the April 6, 2011 edition of Credit Union Times was an article entitled “Historic Development Stains CU’s Balance Sheet.” My name is Ben Heyward and I was president /CEO of First Financial Credit Union in Albuquerque, N.M., at the time of publication. I was the target of this article that started with an accusation about a loan known as “Copper Square” but escalated into many more untrue statements.

In March 2012 I filed a defamation lawsuit against CU Times because I knew that the statements presented as facts were incorrect and had no basis of truth. As the article unfolds its content describes the characterizing of a “pattern of reckless lending,” the mistreatment of executives and my alleged style “to make unilateral decisions,” among others. These characterizations allegedly came from unnamed “critics.” However none of these characterizations stated as fact could be corroborated.

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Peter Westerman


Credit Union Times

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