Although CUNA President/CEO Bill Cheney and NAFCU President/CEO Fred Becker run rival groups, they are friendly. Cheney once served on Becker's board and their daughters are Facebook friends. They often talk about issues of importance to the credit union industry.

The two men recently had lunch together, and while media representatives weren't invited to join them, here is how the conversation might have gone.

Cheney: Nice to see you, Fred. It's good that we are working together these days on the interchange issue, rather than sniping at each other like little kids in the sand box.

Becker: Not sniping, Bill, just trying to justify our existence. I mean extol the virtues of having two voices because two is better than one.

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