It did not surprise me to read stories on Wescom and Patelco and their subprime woes in the Aug. 16 issue of Credit Union Times. That's not intended to be a criticism of the management there, but having been in credit unions for 19 years after spending five years in the consumer finance world, I have seen the good and the bad side of the lending business. Here's my take on the credit union world.

The good side of lending at a credit union (just two of many factors):

1. We don't take advantage of our members. That certainly helps in subprime lending. Predatory lending only adds to the borrower's problems.

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