The New Jersey Credit Union League's Reality Check Conference last week in Atlantic City, N.J., gave attendees a fast overview of what's hot and what's not in Washington, compliments of lunch speaker Bill Cheney, CEO of CUNA.
Peril is threat to tax exemption, CUNA CEO tells NJCUL luncheon, while opportunity is Washington's largely positive view of credit unions.
CUNA CEO says no credit union "should be disadvantaged by the actions of a regulator."
CUNA chief Cheney calls proposed law "firm step in the right direction."
WASHINGTON — If banks are getting regulatory relief credit unions deserve the same opportunity.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
The board of directors of $1.5 billion Technology Credit Union has written the CU's 74,000 members that they may be better served by converting the credit union to a bank.
California league, CUNA CEO's express misgivings about Tech CU proposed conversion to bank.
A Wednesday House committee hearing on capital access must include CU business lending, CUNA has urged.
Cheney, Becker cite service, patriotism, say they're heartened by reactions.