ARLINGTON, Va. — The nation's economic woes triggered action on Capitol Hill and at the NCUA that kept NAFCU President/CEO Fred Becker and his staff very busy in 2009. Credit Union Times talked to him about those events and what he expects in 2010.
Credit Union Times: What have been the high and low points of 2009 for NAFCU and the credit union movement?
Fred Becker: The low points for the movement were the problems with the corporates and the potential to be swept in under regulations aimed at those who caused the crisis. The high points have been getting the Temporary Corporate Stabilization Fund passed in less than eight weeks and the health of the credit union brand. Credit unions are getting a lot of earned media because banks aren't doing well and people are turning away from them. People are turning away from convenience in favor of trust. And credit unions are all about trust. Both President Bush and President Obama mentioned us favorably.
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