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'Stabilization' Feels Like A Bailout To This Small CU

Re: "Two Nevada CU Failures To Cost NCUSIF $42 Million" (CU Journal, Sept. 29)

And they don't consider it a "bail-out" from the credit unions and their members? REALLY! Personally, I am sick to death having to tell my board we, a little credit union that didn't have anything to do with this, may have to bail-out the NCUA for as long as 12 years, and climbing!

I hope this message goes back to (NCUA Chairman) Deb Matz and her cronies. Maybe the credit unions should call the Wall Street Journal for an interview, and let them in on the little secrets.

Ann Lilleberg, CEO
Alton Bell Community CU
Alton, Ill.

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