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CU System
Vermont CUs have busy day with state officials
MONTPELIER, Vt. (4/1/08)--More than 20 credit union employees and volunteers “hiked” into the Vermont statehouse in Montpelier Tuesday, drawing the attention of dozens of legislators and three prominent leaders of Vermont state government.
More than 20 credit union employees and volunteers “hiked” into the Vermont statehouse in Montpelier Tuesday, drawing the attention of dozens of legislators and three prominent leaders of Vermont state government. (Photo provided by the Credit Union Association of Vermont)
Although the legislators appreciation reception drew the most attention, a private, closed-door meeting of credit union leaders were addressed, in succession, by Republican Gov. Jim Douglas, Democratic Senate President Pro Tempore Peter Shumlin, and Democratic Speaker of the House Gaye Symington (Newslines Express March 28). The day began with testimony by Credit Union Association of Vermont President Joe Bergeron in the Vermont Senate Finance Committee. Bergeron provided the committee with information on the state of Vermont’s credit unions and touched on the costs that credit unions must bear as a result of the Hannaford card breach, the Maine-based grocery chain data breach announced March 17. He also provided testimony on two bills that the association was asked to testify on in the House Commerce Committee: H. 563 seeks to modernize a part of the Uniform Commercial Code, and H. 458 relate to digital corporate transactions. Bergeron also spoke before the House Commerce Committee, regarding the Hannaford breach. “Bottom line … no matter how [the Hannaford breach] is being handled, it’s unpleasant and unacceptable for consumers, and very costly for card-issuing institutions,” Bergeron said. “In all cases, cardholders are protected if fraudulent activity does occur, if they inform their financial institution … but it’s a huge inconvenience, creates distrust in cardholders’ minds, and costs all of us money directly or indirectly.”


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