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Indiana Gov. Cites CUs

INDIANAPOLIS -- Indiana credit unions got a renewed pat on the back from the state's Republican governor for the industry's campaign to emphasize deposit insurance and regulatory protection.

By Staff Writer | Updated on October 14, 2008

INDIANAPOLIS — Indiana credit unions got a renewed pat on the back from the state’s Republican governor for the industry’s campaign to emphasize deposit insurance and regulatory protection.

In remarks before the annual convention of the Indiana Credit Union League, Gov. Mitchell 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 that expanded recklessly to bring on the current crisis.

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