Don Graves, executive director of the President's Council on Jobs and Competitiveness, and the Obama administration's emissary to Detroit during this city's bankruptcy, addressed the conference's opening session.

DETROIT – The National Federation of Community Development Credit Unions opened its 40th anniversary annual meeting Wednesday in a city with hundreds of thousands of residents in need of credit union services.

CEO Cathie Mahon welcomed the group with the observation that a significant number of executives in the room had been present when the organization was founded 40 years ago, and they could not have expected it would grow to represent about 200 member credit unions with roughly 3 million members in 46 states.

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