Originally created 07/14/97

Finds credit unions editorial `curious'



I thought your last month's editorial "Save the credit union" most curious. The credit unions want to be national banks and preserve their no tax exemptions under their provisions established in 1934 of being limited to groups having a common bond. The concept was personal relationships and therefore, character loans based on everyone knowing each other's employment and situation. How a thinking person could embrace their position is beyond me. I am chairman of the board of a small independent community bank that reserves up to $40,000 per month for taxes. You call that a level playing field?

Eastern Airlines does not even exist but Eastern credit Union dwarfs the size of most regional banks.

William Zachary Jr., Decatur