"Credit unions have survived difficult economic periods and stressful conditions and they have evolved. That will happen this time. I have every reason to expect credit unions to continue to serve a significant sector of the population for many years to come."
–William Donovan, a partner at the Venable law firm, when asked to respond to some who believe that credit unions may be on their last legs.
"People have maxed out their credit cards. Lines are being cut back. Congress and state legislators want to cut off this resource. I continue to make the argument that this can be a good alternative for people who need it."
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