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CUs' Choice of Federal or Private Insurance Not an Association Decision

In his March 12th column, "NAFCU Attack on Private Insurance Bad Timing," Mike Welch wrote that NAFCU is doing the movement a disservice by publicly announcing their position that all credit unions should be required to be federally insured and that the association has forgotten that boards make the decisions...

By Staff Writer | Updated on April 08, 2003

In his March 12th column, “NAFCU Attack on Private Insurance Bad Timing,” Mike Welch wrote that NAFCU is doing the movement a disservice by publicly announcing their position that all credit unions should be required to be federally insured and that the association has forgotten that boards make the decisions about credit unions – not trade associations. Why would any trade association want to limit their members’ options? It would seem to me that this is a rather self-serving position for them to take. Keep calling them the way you see them Mike – it’s the same way most of us see them, too. Gary Peterson CEO Financial Plus Credit Union West Des Moines, Iowa

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