Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA urges Bush to continue CU support
WASHINGTON (4/14/08)—Credit Union National Association (CUNA) President/CEO Dan Mica went straight to the top and sent a letter to President George W. Bush about a credit union concern involving the U.S. Treasury Department’s plan to restructure the regulation of the financial sector. Mica noted that in its restructuring “blueprint,” Treasury seeks a presidential order to expand a Presidential Working Group (PWG) on financial markets policy to include all federal banking regulators, while excluding the National Credit Union Administration (NCUA). “While we feel it is important that all financial institutions, including credit unions, be represented on the PWG, it is particularly significant now as the Administration and other key policymakers seek ways to deal with the current economic concerns,” Mica said. He reiterated that CUNA and credit unions were “stunned and dismayed by the long-term recommendation of the report which would effectively eliminate credit unions and NCUA." Mica added that CUNA is concerned that excluding NCUA from the PWG now is a prelude to the pursuit of those recommendations, yet has been heartened by the statements of congressional support following the release of the report. “Throughout both your administrations, credit unions have been very grateful for your support of their tax exempt status, and we urge you to continue recognizing their role, as well as that of NCUA, in helping to offer financial alternatives. We urge you to include NCUA on the PWG,” Mica concluded.


RSS





print
News Now LiveWire
#Creditunion #SuperBowlXLIX #Commercials @ArizonaFederal w/@kurt13warner #MyComeback
9 hours ago
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
2 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
2 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
3 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
4 hours ago