Byline: CURT CECALA Scotia The writer is a federal credit union general manager
I am responding to a recent Jane Bryant Quinn column. She says there is a size standard that makes a credit union bank-like. She adds credit unions operate with an unfair advantage.
Consider the following:
Credit unions are people who pool their money together.
Credit unions are not-for-profit.
Every credit union is owned equally by each person who has a deposit account.
Credit unions are not able to do business with any consumer, only those people who choose to use their credit union, because they are eligible.
Credit unions' boards …
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