WASHINGTON — Some credit union leaders believe the current economic downturn and suffering CUs makes this the best time for credit unions to push for additional sources of capital.

Callahan and Associates President Chip Filson, who has spent a career in credit unions, is organizing a new initiative on alternative capital for credit unions.

Filson, a former state and federal credit union supervisor, will join Jim Blaine, CEO of the $15.9 billion State Employees' Credit Union and long-time alternative capital advocate, and Diana Dykstra, CEO of the $501 million San Francisco Fire Credit Union, in an Aug. 13 Web event to discuss and launch the initiative.

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