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Indiana Governor Cites CU 'Counterbalancing' Role

INDIANAPOLIS -- Speaking before Indiana credit union executives, Gov. Mitchell Daniels reinforced the industry's newly calibrated campaign to emphasize deposit insurance and regulatory protection in connection with the Treasury's $700 billion bailout legislation.

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INDIANAPOLIS — Speaking before Indiana credit union executives, Gov. Mitchell Daniels reinforced the industry’s newly calibrated campaign to emphasize deposit insurance and regulatory protection in connection with the Treasury’s $700 billion bailout legislation.

In remarks before the annual convention of the Indiana Credit Union League, Daniels said he remains a strong CU supporter lauding the industry for serving a positive “counterbalancing” role in the U.S. economy to those for-profit institutions which expanded recklessly to bring on the crisis.

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