Arizona credit unions remain "on the front lines" in the nation's economic slump but they have been active participants in CUNA's grassroots campaign to draw NCUA and Congressional attention to protecting CU survival, a leading CUNA executive said Friday.
Addressing the annual meeting of the Arizona Credit Union League in a recap of the corporate crisis, Susan Newton, CUNA's senior vice president and executive director of the American Association of Credit Union Executives, credited the unprecedented "20,000 emails" sent in late April by CUs, state leagues and other trades supporting the corporate stabilization package with turning the tide.
That package bill allowing CUs' phased payment to NCUA was signed last month by President Obama.
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