CUNA President and CEO Dan Mica on the 75
June 26, 2009
FOR IMMEDIATE RELEASE
Contact: Patrick Keefe
CUNA Communications, 202-508-6765
pkeefe@cuna.com
Seventy-five years ago, Roy Bergengren – my predecessor as chief executive of CUNA -- wrote to all members of the U.S. House in support of passing the Federal Credit Union Act. He stated: “The enactment of this bill will be completely consistent with everything Congress is doing to hasten industrial recovery.” On this day, June 26, 75 years ago, President Roosevelt signed into law the Federal Credit Union Act – and the credit union movement was free to grow across the country. I am proud to say that Roy Bergengren’s comment in 1934 remains true today. Credit unions are playing a vital role in helping the nation’s consumers recover from this latest economic storm. The focus and purpose of credit unions remains the same today as it was 75 years ago -- to improve the financial well-being of their members, now more than 90 million strong. At CUNA, we are working to ensure an operating environment for all credit unions in which they may continue to effectively and completely serve their members.”
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About CUNA
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves about 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. -->
Credit Union Basics
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