While it isn't supporting any specific individual, NACUSO saidit is backing an initiative that asks President Obama to considerappointing directors to the NCUA who understand cooperatives.
|“Having leadership and regulators in the NCUA who understandthese principles reinforces our business model and the day to daychoices we make. Cooperatives are built by their members; memberswho fund and direct their credit unions through elections ofleaders, allowing individual interests to align with communityneeds,” NACUSO wrote in a letter encouraging others to sign thepetition, which made its debut at CUNA's Governmental AffairsConference last week in Washington.
|The petition was launched by Callahan & Associates' ChipFilson, who also said he was interested in being nominated to theboard.
|“Without NCUA board members who respect and understand theseprinciples; the credit union will soon be just another bank,”NACUSO said.
|The association has provided several links including background information on what the petition is about and theactualpetition.
|As of Monday, the petition had received more than 1,000 signatures.
|“We are not supporting any individual, simply asking thepresident to give consideration and preference to experiencedcredit union movement leaders, those who understand cooperativesand the underlying principles upon which credit unions operate,”NACUSO said.
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