CUNA President/CEO Dan Mica, who has led the organization during several key political fights for the credit union movement and through difficult economic times both nationally and at the organization, announced last Thursday he will step down from the post at the end of 2010.

"For me it's the right time, for CUNA it's the right time," he told Credit Union Times. "I had actually decided in January and told the board leadership then, but with the corporate credit union situation we agreed I should delay the announcement to keep our strength during the subsequent months."

The efforts of CUNA, NAFCU and NCUA to persuade Congress to create a temporary stabilization fund for corporate credit unions was one of the most important legislative efforts of Mica's tenure. Other key initiatives included 1998 passage of H.R. 1151, which reversed a U.S. Supreme Court decision and gave credit unions broad authority to expand their membership and recent efforts to minimize some of the adverse effects of the credit card reform legislation on credit unions.