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Celebrating 100 Years of Anonymity

This year credit unions are making big efforts to celebrate their 100th anniversary. Some have put together events to mark the occasion,

By Sarah Snell Cooke | Updated on November 03, 2009

This year credit unions are making big efforts to celebrate their 100th anniversary. Some have put together events to mark the occasion, but the hundreds of small, local events add up to zero. Zero recognition by anyone outside the credit union community.

After 100 years and with 90 million members, you’d think lawmakers would be bowing to the pressures of the credit union movement. Not hardly. Credit unions are still regularly left out of legislation pertaining to them, such as the Consumer Financial Protection Agency provision regarding federal preemption-or the lack thereof. Further, the good actors are being caught up with the riff-raff when it comes to overdraft legislation, the CARD Act and other reform matters that have a negative impact.

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