CUNA and NAFCU both complained about the exclusion of credit unions from President Obama’s proposed $30 billion program to provide capital for community banks.

“Credit unions are outraged and baffled that the administration, by not endorsing greater business lending capacity for credit unions in its small business lending plan, would blatantly ignore the potential contribution credit unions could make toward national economic recovery,” CUNA President/CEO Dan Mica said in a statement. He requested a meeting with President Obama to discuss the issue.

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