Looking back 13 years ago finds CUNA's Operation Grassroots Across America in full swing. Credit unions in every state were busy drumming up credit union support by making educating members and legislators a priority. "If we give our members the information they need, they will know there is a real threat," said Arkansas Credit Union League President Donald Deems. "We feel facts and reason support credit unions." Also in that issue 24 credit unions in California pledged $100,000 toward an "independent" complete study of the nation's banking system. The study came at the prodding of Patelco Credit Union President Ed Callahan. "I was concerned over the ABA attacks and the use the ABA was making of a study of the credit union system done by a banking organization, the Secura Group, headed by the former head of the FDIC, Bill Isaacs. Our desire was that some group sponsor a comparable study of the banking system," said Callahan. "Now that their study is done, the banks are saying there's no good to be had in comparing the two systems after they worked us over. I'm not drawing any conclusions, I'm just questioning."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.