"Our biggest concern is what's really driving credit union members not repaying loans isn't bad faith or negligence on their part; instead, it's that they've lost their jobs, had hours cut back, bonuses eliminated, or commissions severely reduced."
--Henry Wirz, president/CEO SAFE Credit Union
"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability. The focus of the Committee's policy is to support the functioning of financial markets and stimulate the economy through open market operations and other measures that are likely to keep the size of the Federal Reserve's balance sheet at a high level."
--Federal Reserve's Open Market Committee statement from the minutes of its Jan. 29-30 meeting that were released last week.
"This plan will not save every home, but it will give millions of families resigned to financial ruin a chance to rebuild. It will prevent the worst consequences of this crisis from wreaking even greater havoc on the economy. And by bringing down the foreclosure rate, it will help to shore up housing prices for everyone."
--President Obama, speaking after unveiling a foreclosure prevention program in Mesa, Ariz., on Feb. 18.
"CUES Symposium itself is an annual professional development conference we have held since 1992 to help our members strengthen their leadership teams, network, and discuss issues facing their businesses. This year's conference, which we began planning in 2006, was held in St. Kitts because the location provided us with a reasonable travel distance for our members, and allowed us to work more closely with our Caribbean members."
--Fred Johnson, CUES president/CEO
--Henry Wirz, president/CEO SAFE Credit Union
"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability. The focus of the Committee's policy is to support the functioning of financial markets and stimulate the economy through open market operations and other measures that are likely to keep the size of the Federal Reserve's balance sheet at a high level."
--Federal Reserve's Open Market Committee statement from the minutes of its Jan. 29-30 meeting that were released last week.
"This plan will not save every home, but it will give millions of families resigned to financial ruin a chance to rebuild. It will prevent the worst consequences of this crisis from wreaking even greater havoc on the economy. And by bringing down the foreclosure rate, it will help to shore up housing prices for everyone."
--President Obama, speaking after unveiling a foreclosure prevention program in Mesa, Ariz., on Feb. 18.
"CUES Symposium itself is an annual professional development conference we have held since 1992 to help our members strengthen their leadership teams, network, and discuss issues facing their businesses. This year's conference, which we began planning in 2006, was held in St. Kitts because the location provided us with a reasonable travel distance for our members, and allowed us to work more closely with our Caribbean members."
--Fred Johnson, CUES president/CEO
