General Electric Evendale Employees Federal Credit Union

June 28, 1996

Paul D. Rattermann
Kepley, MacConnell & Eyrich
525 Vine Street
Suite 2200
Cincinnati, OH 45202

Re: General Electric Evendale Employees Federal Credit Union(Your Letter of June 14, 1996)

Dear Mr. Rattermann:

You requested NCUA Office of General Counsel review of an opinion letter by your firm relating to several issues concerning credit union service organizations raised by an NCUA examiner of the above-referenced credit union. We have reviewed the firm's opinion letter and are in agreement with it. If you have any questions, please contact Sparky Conrey, Staff Attorney, at (703) 518-6558.