WASHINGTON—Despite the loss of interchange income and mounting compliance requirements, overall credit unions feel more confident about their future than in recent years. CUNA President/CEO Bill Cheney opened GAC last week by telling member credit unions that the cooperatives are on the rise thanks to recovering financials and unprecedented media attention.
"I can't remember a time when credit unions have received so much media attention," Cheney said, adding that the phones at CUNA have been ringing off the walls.
On Tuesday, National Journal, a publication widely read in Congress, reported on GAC, saying that because of grass-roots support and PAC donations, credit unions have gained clout on Capitol Hill.
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