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Reality Check: Cheney Outlines Industry Challenges

The New Jersey Credit Union League's Reality Check Conference last week in Atlantic City, N.J., gave attendees a fast overview of what's hot and what's not in Washington, compliments of lunch speaker Bill Cheney, CEO of CUNA.

By Robert McGarvey | Updated on March 04, 2012
CUNA CEO Bill Cheney said there will continuing pressures to eradicate credit unions’ tax exemption.

The New Jersey Credit Union League’s Reality Check Conference last week in Atlantic City, N.J., gave attendees a fast overview of what’s hot and what’s not in Washington, compliments of lunch speaker Bill Cheney, CEO of CUNA.

The good news for credit unions is that “credit unions are rising,” said Cheney, who pointed to the high levels of consumer trust enjoyed by credit unions. Higher than other financial institutions as well as growing membership, he added. “We may see membership up by two million,” said Cheney, who indicated the final numbers are still being crunched.

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