To the Editor:

You miss the mark in "States Adjust Credit Union Laws to Match U.S. Charter" [Jan.16]. While the article accurately reflects the fact that several states have enacted credit union legislation in recent years, and that Maryland is studying a proposal to redraft the state's credit union law, its assertions that (a) state legislatures have mimicked the Federal Credit Union Act, and (b) there is an "exodus to the federal charter" are incorrect.

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