INDIANAPOLIS — Speaking before Indiana credit union executives,Gov. Mitchell Daniels reinforced the industry's newly calibratedcampaign to emphasize deposit insurance and regulatory protectionin connection with the Treasury's $700 billion bailoutlegislation.
In remarks before the annual convention of the Indiana CreditUnion League, Daniels said he remains a strong CU supporter laudingthe industry for serving a positive “counterbalancing” role in theU.S. economy to those for-profit institutions which expandedrecklessly to bring on the crisis.
Daniels, a Republican and a member of Eli Lilly CU ofIndianapolis and another in Washington D.C., said he recognized theneed that CUs seek in having the flexibility to make business loansand that he backs industry initiatives.
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