WASHINGTON-Though NAFCU had worked with Wayne Abernathy in his capacity at the Senate Banking Committee, the trade organization was not going to sit idly by after he was named assistant treasury secretary for financial institutions. In a recent meeting, NAFCU reminded Abernathy of the president's (then-governor's) pledge not to tax credit unions, which he confirmed the administration was not interested in doing. NAFCU senior officials also discussed with Abernathy general credit union trends, savings initiatives, the importance of the regulatory relief legislation, the Small Business Administration's 7(a) lending program, and credit unions' low-income efforts. NAFCU President and CEO Fred Becker, Senior Vice President and General Counsel Bill Donovan, Chief Economist Tun Wai, and Director of Regulatory Affairs Gwen Baker attended the meeting.
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