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Regarding the letter from Stuart Perlitsh (“Questioning Cost of Small Credit Union Initiatives,” CU Times, April 16, 2014) I respectfully submit that we are one of the small credit unions that has benefitted directly from the involvement of the Office of Small Credit Union Initiatives at the NCUA. When I took over as CEO just over five years ago, our credit union was going south and fast. At one point, our capital got as low as 4%.

Peter Westerman

Credit Union Times

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