CUNA President and CEO Dan Mica On American Bankers Association, Bankers Dropping Utah Credit Union Lawsuit

July 20, 2006

FOR IMMEDIATE RELEASE
Contact:
Patrick Keefe, CUNA Communications
(202) 508-6765
pkeefe@cuna.com

"The losers in this issue are the people who live in low-income areas and will be deprived of credit union service – which the bankers admit is what they “set out to do with this lawsuit.” In their zeal to curtail credit unions, bankers have also shut the door to modest means people who are not receiving financial services, and the ability of credit unions to willingly serve them. That is the accomplishment of this litigation brought by the bankers – to close a door. Clearly, that door must be opened again – maybe with a shove.”

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