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
Senate Banking head credits CU loyalty during crisis
WASHINGTON (3/1/11)--Credit unions have faced their own share of difficulties during the recent economic crisis, but stayed loyal to the communities they serve and their membership throughout their financial troubles, Senate Banking Chair Tim Johnson (D-S.D.) said in remarks made on Monday. In a pre-taped message delivered to the Credit Union National Association's 2011 Governmental Affairs Conference, Johnson said that credit unions are an essential part of the economy, and added that special care was taken to ensure that credit unions were treated fairly as the Dodd-Frank financial regulatory package was developed last year. Johnson pledged to continue to monitor Dodd-Frank's impact on credit unions as portions of the legislation continue to be implemented. Johnson closed by saying that he has enjoyed working with credit unions, and encouraged credit unions to continue to inform him on how he can help them fulfill their mission. In related news, Johnson and his colleague Sen. Thad Cochran will soon introduce a Senate resolution that would name 2011 as the international year of cooperatives.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago