VANCOUVER, Wash. — The chief economist of CUNA Mutual Group, David Colby, Wednesday joined in the industry call for credit unions to make their best case to lawmakers and the public as a stable financial force “considering this is not our turmoil or something we are part of.”
At the same time, CUs understand the perilous conditions facing the nation and are prepared to do their part in serving borrowers “during this difficult time in the cycle,” declared Colby, a featured speaker at the annual convention of the Washington Credit Union League convened here this week.
In a related matter, Colby confirmed that his boss, Jeff Post, president/CEO of CUNA Mutual, canceled his speech to the group Wednesday “to deal with business-related issues.” The two were to appear on a panel session at the league session.
“Jeff thought that it was prudent to cancel out on the league conference,” said Colby.
In his remarks, Colby said there remain golden opportunities for CUs to carefully and wisely enlarge their profiles in the lending field.
“We want those legislators to sit back and say, 'We're sure glad we have those credit unions to fall back on when times are tough'” concluded Colby.
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