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Washington
Ret. Gen. Powells CU education
WASHINGTON (3/5/08)--Former Secretary of State and retired Gen. Colin Powell said that when he was a young man, credit unions gave him a much-needed financial education. Addressing the 2008 Credit Union National Association (CUNA)
Click to view larger image Addressing the 2008 CUNA GAC, Former Secretary of State and retired Gen. Colin Powell said he was once “one of those ‘little guys’” that credit unions help. The reference was to CUNA’s “Little Guy,” an iconic character used to represent the average working Americans that credit unions serve. (Photo provided by CUNA)
Governmental Affairs Conference, Powell said he was once “one of those ‘little guys’” that credit unions help. The reference was to CUNA’s “Little Guy,” an iconic character used to represent the average working Americans that credit unions serve. Powell said that before joining a credit union, he knew nothing about car loans or mortgages, but his credit union changed that for him. During these times when members are concerned about mortgages and the economy, “you are the one thing people can count on--a safety net, and I thank you for the service you provide,” he said. Since leaving the Bush administration, the four-star general said he has found himself mastering the fine art of retirement—once again. Powell said he also spends time working with a venture capital business finding solutions to biotechnical, green energy, and health-care issues. Retirement has also meant, he said, that he can fully support more causes, such as raising funds for an educational center at the Vietnam Veteran’s Memorial, and the Martin Luther King Jr. Memorial. Powell also acknowledged that credit unions raised $1.2 million to support the MLK, Jr. memorial.
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