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News Now

Washington
NCUA to mark FCU Acts 75th year
ALEXANDRIA, Va. (6/27/08)—The 75th anniversary of when President Franklin D. Roosevelt took pen in hand and signed the Federal Credit Union Act will be marked by a two-day symposium next year, the National Credit Union Administration (NCUA) announced Thursday. NCUA board member Gigi Hyland said the symposium will be one in a series of commemorative efforts the agency will undertake to highlight the landmark anniversary. Roosevelt signed the FCU Act into law on June 26, 1934. The two-day symposium will be held in Washington, D.C., in early June 2009 and will focus on:
* The current financial marketplace; * The importance of federal deposit insurance; * Opportunities for credit unions to serve all segments of their field of membership; and * Opportunities for modernization of the Federal Credit Union Act.
“The purpose of this effort is to bring together a wide variety of representatives from all sectors of the credit union industry, as well as other interested parties, to hold a wide-ranging and frank discussion to determine whether there is a consensus on the vision for credit unions for the next several decades and beyond,” Hyland said in a release. She added that the symposium will be one in a series of commemorative efforts the agency will undertake.


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