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News Now

Washington
Cheney named as a top D.C. association exec
WASHINGTON (9/13/11)--Credit Union National Association (CUNA) President/CEO Bill Cheney has been named as one of the Top Association CEOs of 2011 in CEO Update's latest list of influential executives. CEO Update, a Washington bi-weekly publication that reports on association and non-profit executive careers and people, drew its list from the leadership of many national associations that exist in the greater Washington, D.C., area. The publication notes that Cheney, who recently completed his first year as head of CUNA, has been credited by allies and adversaries alike “for nearly scoring a major upset in the debit-card swipe fee battle.” CEO Update added: “At a time when big banks were less popular than, say, Congress, Cheney's stepped up advocacy efforts, and huge grassroots mobilization of credit union members helped persuade many lawmakers who had supported the fee limit to vote in June to delay it.” While federal lawmakers ultimately did not delay the interchange fee cap implementation, CUNA's and credit unions' “show of strength among lawmakers and thousands of comments to the Fed likely influenced the central bank, which substantially raised the fee cap, essentially splitting the difference between what retailers and financial interests wanted,” CEO Update said. Cheney said of the listing that it is “a nice acknowledgement of CUNA’s focused team effort on behalf of our member credit unions.’” While Matt Shea, CEO of the National Retail Federation that was on the other side of the historic interchange battle also was noted as a “top CEO,” Cheney was the only representative of any financial services association on the CEO Updatelist.


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