Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Mica With the right attitude CUs prosperous
WASHINGTON (2/23/10)—Credit unions, with the right attitude, can create another 100 years of prosperity for their communities and their members, Credit Union National Association (CUNA) President/CEO Dan Mica told attendees of the Governmental Affairs Conference (GAC) morning session Monday. During what will be his last GAC as CUNA’s leader, Mica took the stage Monday morning during the conference opening session and asked the crowd as he has the last 14 years: “Isn’t it great to be in Washington, D.C.?” After receiving a standing ovation from the crowd, Mica reflected on credit unions’ successes in the past 100 years. He also thanked credit unions for the work they have done during the past 14 years he has served as president/CEO of CUNA, encouraging them to “think positive” and to use technology to move forward. Even the smallest credit union can seem large to its members with the right use of technology, he said. Mica also touched on two pertinent issues for credit unions: alternative capital and member business lending. Mica said regulators would likely move toward raising requirements for all financial institutions, including credit unions. He urged credit unions to be “respectful but insistent” when addressing federal lawmakers on these issues--especially in terms of generating support for raising member business lending caps. If the caps are raised, credit unions could generate an extra $10 billion into the economy and create more jobs, he added. Mica closed his speech with some advice for credit unions—to speak with one voice, and to resist partisanship. “We should never be viewed as Democrats or Republicans, but as Americans,” he said. Overall, Mica expressed his confidence in the credit union movement and what it can offer the nation. “America is crying out for a basic philosophy to live by,” he said. “We [credit unions] offer it.”


News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow
14 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law.
15 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
16 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills
16 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia
17 hours ago