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'Not Our Turmoil' Says Colby; Post Cancels Speech

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."

By Jim Rubenstein | Updated on September 18, 2008

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.

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