BOSTON -The CEO of a credit union that successfully sued the IRS, one of the early chief advocates of credit unions and one of the senators who shepherded the Federal Credit Union Act through Congress were celebrated as revolutionaries yesterday at the start of CUNA's America's Credit Union Conference & Expo.
CUNA President/CEO Dan Mica presented Cathie Tierney, president/CEO of Community First Credit Union, with an award for suing the IRS over the levying of the Unrelated Business Income Tax on the sale of certain financial products. A jury recently ruled in favor of the Appleton, Wisconsin-based credit union, though the government has appealed.
Tierney said that "being a credit union advocate is a gift of God."
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Kathleen Pelletier, the granddaughter of credit union movement founding father Roy Bergengren, praised him as "tenacious and determined" who had a mission to create.
David Landes, a former Nebraska legislator portrayed the late Sen. George Norris in a 45-minute monologue on the history of the credit union movement.
Norris (R) was a key sponsor of the Federal Credit Union Act and Landes used his life to tell the story of credit unions in this country.
He concluded that "Norris was right and right to be proud of you."
CUNA celebrated revolutionaries because the conference celebrated the 100th anniversary of the American credit union movement and the 75th anniversary of the Federal Credit Union Act.
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