NATIONAL HARBOR, Md. — Noting that in Chinese the characters for opportunity and crisis are the same, NAFCU President Fred Becker used his annual address to urge credit union leaders and volunteers to use the recession as a chance to innovate and capture more of the financial services market share.
He conceded that the "breadth and depth and scope [of the downturn] has truly been staggering" but noted that the credit union movement used other periods of economic difficulties, such as the Great Depression, to strengthen its position.
During his speech to NAFCU's annual conference, he invoked words used by British Prime Minister Winston Churchill to calm and inspire his fellow countrymen during the depths of World War II.
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