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North Carolina league dedicates new headquarters
RALEIGH, N.C. (8/8/11)--About 150 credit union representatives
Click to view larger image At the ribbon cutting dedication Wednesday of the new North Carolina Credit Union League headquarters in downtown Raleigh, N.C., are from left: Credit Union National Association President/CEO Bill Cheney; league President/CEO John Radebaugh; league chairman Maurice Smith and the league board. (Photo provided by the North Carolina Credit Union League)
across North Carolina traveled to Raleigh, N.C., Wednesday to help the North Carolina Credit Union League dedicate its new headquarters location. Credit Union National Association (CUNA) President/CEO Bill Cheney made remarks at the event, which included an afternoon open house. NCCUL President/CEO John Radebaugh addressed the purpose of the move to the state's capital city from Greensboro, N.C., "Credit unions have told us for many years that advocacy is one of the most valuable things the league brings to the table. Relocating to Raleigh raises the visibility of the North Carolina credit union movement with policy makers," he said (Weekly Update Aug. 5). Cheney updated the group on the major legislative issues credit unions recently have faced or will face in the next several months. He thanked credit unions for their efforts on the debit interchange fees issue despite the fact a Senate amendment to delay the implementation of the Federal Reserve's final rules was unable to pass. "I won't sugarcoat it," Cheney said. "I wish the amendment [to delay the rule until further study of its impact could be made] would have passed." Credit unions still had a very positive impact on the process, he was quick to add, and the Fed's final rule was better than initially proposed. "I really wonder if the Fed's final rules would have been that much better even if the amendment would have passed," he said. Cheney's remarks also addressed efforts to push Congress to lift credit unions' member business lending cap to 27.5% of assets from 12.25%, supplemental capital for credit unions and other key issues. He also took questions from the gathering of credit union leaders. The league's directors joined Cheney and Radebaugh for a ribbon-cutting ceremony, and visitors toured the new league's new home the remainder of the afternoon. The new headquarters is located in Quorum Center, just three blocks from the office buildings of the North Carolina General Assembly. "This move centers our people with our purpose," Radebaugh said, "and will help credit unions be more effective in their grassroots efforts."


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