I applaud Dave Adams and the board of the Michigan Credit Union League for pointing out the importance of providing fair and complete disclosures to members of credit unions that are considering conversions to banks. While under some circumstances it may make sense to become a mutual savings bank, Mr. Adams rightly points out that the decision to do so belongs to a credit union's members (CU Times, Nov. 17). To make well-informed decisions, credit union members must be made aware of all that is at stake on both sides of the issue. But in the end, whether a credit union changes charters or not, we must be ever mindful of whose choice it is. Jane Melchionda President/CEO EasCorp Woburn, Mass.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.