I enjoyed David Morrison's story on Rainier Pacific Credit Union's conversion to a bank and now a stock-owned bank (CU Times, Sept. 17). What a deal… I get to buy shares/stock in the bank that I already own! Where's the distribution of current capital to owners/depositors of record? Clearly the current owners are getting mugged but are being told they're going to love the experience, just trust me. Aren't folks just getting a little tired of CEOs enriching themselves and their chosen few at the expense of the real owners of the company? Gerd Henjes President/CEO Countryside FCU East Syracuse, N.Y.
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