In a year when many incumbent officeholders are about as popular as Yankee fans in Fenway Park, several key supporters of credit unions will be fighting for their political lives this year.
CUNA Senior Economist Steve Rick said in a recent News Now article that credit union delinquencies haven't been this high since President Reagan was in office.
With home values that decreased an average of 56% and an unemployment rate of 13%, it didn't seem likely that there could be any good news to come out of Las Vegas.
Las Vegas has become the industry hot spot this month for heated public dialogue about federal vs. private insurance with both NCUA Chairman Debbie Matz and American Share Insurance CEO Dennis Adams taking turns at media megaphones.
Early January is typically a slow news time for us as the credit union industry awakes from its holiday slumber, but that is certainly not the case this year.