After the Credit Union Membership Access Act was passed on Aug. 7, 1998, the issue surrounding how to deal with the provisions included in the legislation is still a sticking point for credit unions and trade organizations.

Despite the provisions added to the original two-page bill, observers agreed that had the bill not passed, the faces of credit unions would vary greatly today.

“I don’t think that credit unions would have hit the 100 million consumers we are currently serving,” Marcus Schaefer, president/CEO of the $1.8 billion, Winston Salem, N.C.-based Truliant Federal Credit Union, told CU Times.

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