GLENDALE, Calif.-At a time when a majority of credit unions are not growing at all, one CU has had to put its emphasis on controlling growth. Stuart Perlitsh, CEO of the $325-million Glendale Area Schools FCU, said his CU's business plan calls for moderate asset growth due to the interest rate environment.

"Our net worth exceeds 11%, and we do not want to see our net worth decline due to asset growth," said Perlitsch. "Net worth will never grow or keep pace with the speed of asset growth today-especially in a near zero interest rate environment."

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