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Some credit union leaders breathed a sigh of relief when long-time nemesis Harris Simmons’ term as chairman of the American Bankers Association expired last week.

I don’t think it will have a material effect on the bitter bank/credit union battle. In some ways Simmons was good for credit unions. His language was often over the top and too reflective of his own personal situation, that is being the CEO of a Utah bank that has been the single catalyst of a number of major field of membership battles with credit unions.

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