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WASHINGTON – Credit unions shared the stage with representatives of a number of other cooperatives at the first-ever National Co-op Summit May 3, organized by the National Cooperative Business Association, which attracted about 300 attendees.

Texas Credit Union League President and CEO Dick Ensweiler participated in a panel on conversions of cooperatives to for-profit entities; he has a bit of experience with this after two large Texas credit unions converted to mutual savings banks last year. “I talked to them about what we’ve experienced in the credit union community over the last eight years,” he said, explaining that was when the Credit Union Membership Access Act became law. “Reducing.the vote requirements has spurred more interest.”

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