LAS VEGAS -- Serving consumers when the markets fail is thereason credit unions exist, Callahan and Associates President/CEOChip Filson told California and Nevada Credit Union League annualmeeting attendees this morning in a general session.
"That's why you have a tax exemption," Filson said. "So you cando things the market can't."
The former regulator praised credit unions for providing creditto consumers, calling them "first responders" to a credit market incrisis.
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