ARLINGTON, Va. — The nation's economic woes triggered action on Capitol Hill and at the NCUA that kept NAFCU President/CEO Fred Becker and his staff very busy in 2009. Credit Union Times talked to him about those events and what he expects in 2010.
Credit Union Times: What have been the high and low points of 2009 for NAFCU and the credit union movement?
Fred Becker: The low points for the movement were the problems with the corporates and the potential to be swept in under regulations aimed at those who caused the crisis. The high points have been getting the Temporary Corporate Stabilization Fund passed in less than eight weeks and the health of the credit union brand. Credit unions are getting a lot of earned media because banks aren't doing well and people are turning away from them. People are turning away from convenience in favor of trust. And credit unions are all about trust. Both President Bush and President Obama mentioned us favorably.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
