A recent letter from a third-party vendor mischaracterized my position on indirect lending and NCUA's role in supervising that activity at credit unions [CU Times, Nov. 4, page 16].

The $1.3 billion Constitution Corporate Federal Credit Union is still operating with its own management and board but under the "close supervision" of the NCUA because investments losses have depleted all capital and then some.

With Congress actively pursuing regulatory reform, credit cards restrictions and further regulations on overdraft charges, among other subjects,

For Donna LoStocco and the leadership the $1.9 billion Affinity Federal Credit Union, national news headlines are opportunities to educate both Affinity members and the world at large about the advantages the credit union offers.