WASHINGTON — All eyes will be on the U.S. House when it votestoday on an economic package that includes raising the amount ofcredit union deposits that are federally insured and creates a fundthat buys illiquid assets from credit unions and other financialinstitutions.


The vote is expected to be close and House leaders have saidthat some of the members who opposed a similar measure on Mondayhave said they will change their minds or are considering doing so.The Senate added the deposit insurance provision and a range of taxincentives to the bill it passed on Wednesday night after the Houserejected another version of the measure on Monday.


The NCUA and lobbyists for credit unions worked hard to gainparity for credit unions with banks on the asset sale provision andon insuring all deposits up to $250,000 through the end of 2009.Today's Wall Street Journal contained an article profilingNAFCU Senior Vice President of Government Affairs B. Dan Berger'slobbying efforts.


Berger and NAFCU Chairman Brad Beale worked to include aprovision including the NCUA chairman on a list of governmentofficials whom the secretary of treasury is required to consultabout the asset-purchase program, known formally as the TroubledAsset Recovery Program.

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