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Plaintiff Perlitsh Fires Back at Perkins

Stuart Perlitsh, president/CEO of the $338 million Glendale Area Schools Federal Credit Union, called foul on WesCorp President/CEO Phil Perkins' recent criticism of credit unions suing current and former WesCorp employees and volunteers.

By Heather Anderson | Updated on December 17, 2009

Stuart Perlitsh, president/CEO of the $338 million Glendale Area Schools Federal Credit Union, called foul on WesCorp President/CEO Phil Perkins’ recent criticism of credit unions suing current and former WesCorp employees and volunteers.

Perkins commented on the suit during Wednesday’s member Webcast, saying because WesCorp operates on an NCUSIF-guaranteed retained deficit, any insurance costs or damages suffered by the bankrupt corporate would come out of the pockets of federally insured credit unions.

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