Exhibit 16.1

	101 Bracken Road Montgomery, New York 12549 Tel (845) 457-1100 Fax (845) 457-1160 e-mail: nh@nhcpas.com
	Randy E. Bullis, CPA, DABFA
	Peter J. Bullis, CPA, DABFA
	Norman M. Sassi, CPA
	Julia R. Fraino, CPA
	Mark M. Levy, CPA, CFP
	William T. Trainor, CPA
	Christopher E. Melley, CPA
	Gary C. Theodore, CPA
	Thomas R. Busse, Jr., CPA
Securities and Exchange Commission	____________
100 F Street, NE	Ronald E. Clum, CPA
Washington, D.C. 20549	Timothy B. Flanagan, CPA/PFS, CFP
	Michael J. Frohnhoefer, CPA
	Walter J. Jung, CPA
	Joseph P. McKinstrie, CPA
	Brent T. Napoleon, CPA
	Jennifer L. Rowe, CPA

March 9, 2007

Re: Walden Federal Savings and Loan Association

To Whom It May Concern:

We were previously the principal independent auditor for Walden Federal Savings and Loan Association. On November 10, 2006, we resigned our appointment as principal auditor.

We have read the section captioned “Change in Accountants” in the Registration Statement and are in agreement with the statements concerning our firm contained therein, and we have no basis to agree or disagree with the other statements contained therein.

Very truly yours;

/s/ Nugent and Haeussler, P.C.

Nugent and Haeussler, P.C.

MEMBERS: NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS Ÿ AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS