INDIANAPOLIS — Speaking before Indiana credit union executives, Gov. Mitchell Daniels reinforced the industry's newly calibrated campaign to emphasize deposit insurance and regulatory protection in connection with the Treasury's $700 billion bailout legislation.
In remarks before the annual convention of the Indiana Credit Union League, Daniels said he remains a strong CU supporter lauding the industry for serving a positive “counterbalancing” role in the U.S. economy to those for-profit institutions which expanded recklessly to bring on the crisis.
Daniels, a Republican and a member of Eli Lilly CU of Indianapolis and another in Washington D.C., said he recognized the need that CUs seek in having the flexibility to make business loans and that he backs industry initiatives.
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