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
Mica New day for CUs is now
WASHINGTON (3/5/08)--Citing recent advancements for credit union legislation in Washington, D.C., Credit Union National Association (CUNA) President/CEO Dan Mica declared it the “beginning of a new day” during Tuesday’s opening session at the Governmental Affairs Conference (GAC) here. “It’s the beginning of a new day for credit unions,” Mica said referring to the Credit Union Regulatory Relief Act (CURRA, (H.R. 5519), which was introduced Monday by Reps. Paul Kanjorski (D-Pa.), and Ed Royce (R-Calif.). If enacted, the bill would be the biggest change in the credit union movement in the ten years since H.R. 1151, according to Mica, and it touches on many of the provisions in the Credit Union Regulatory Improvements Act (CURIA, H.R. 1537). CURIA currently has 145 co-sponsors. Mica, however, stressed to his audience of more than 4,500 credit union representatives, that although CURRA “will give us some relief,” credit unions must “keep pushing CURIA.” Credit unions need to continue delivering their message to Capitol Hill, particularly in the face of increasing negative pressures form the banking industry, he said. Mica said the relentless attacks on credit unions from bankers represents “true zealotry.” Mica urged credit union involvement both in the upcoming presidential election and in helping those affected by the subprime mortgage debacle. “This is the year we need to get out there and get active,” he said. He emphasized the value of credit unions helping those affected by problem subprime mortgage loans, noting that while credit unions did not cause the problems, they can be a part of the solution. People look for safety, security, compassion and someone they can work with and trust, and credit unions have come out as an entity that people can trust, the CUNA leader said.
Other Resources

RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
13 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
15 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
15 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
15 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
17 hours ago