CUNA’S Dan Mica On Hearing About CU Reg Relief, Improvements In House Financial Services Committee, Thursday, March 6

February 27, 2008

FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications; (608) 231-4038
klong@cuna.coop

The scheduling of a hearing during a heated election year in which major issues are being discussed nationally shows how credit unions have become front and center in the minds of Congress. While we have the attention, we will take the opportunity to make our cases for greater regulatory relief for credit unions, particularly in the areas of expanding business lending to members, granting more flexibility in net worth requirements and allowing all types of credit unions to serve underserved areas. While we realize there are no guarantees, a hearing does serve to build further support in Congress for our legislative goals and enhances the likelihood Congress will take action on credit union legislation.

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About CUNA

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 8,500 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.

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