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“We also had things that did not happen. In March, anyway, we did not have a Thomas hearing.” – CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn speaking about legislative activity and inactivity during the month of March, specifically noting that the House Ways and Means Committee Chairman Bill Thomas (R-Calif.) did not call for a hearing on the justification of some nonprofits tax exemption. “If you look at the research, it’s actually larger, money-center banks that have taken business away from community banks. Credit unions’ percentage of all transactions have remained level over the last 10 years. In all honesty, we’re really not competing directly with community banks. Banks like Wachovia and Bank of America have taken their business away, not credit unions.” – Peter VanGraafeiland, vice president of mortgage services at $1.4 billion Coastal Federal Credit Union on competition in business lending with community banks. “We have built a special relationship with Congressman Bachus over the years.” -NAFCU General Counsel Bill Donovan on invite to National Republican Congressional Committee dinner.

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