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CUNA leaders 2009 an unprecedented year
WASHINGTON (2/23/10)—2009 proved to be a very busy year for the Credit Union National Association (CUNA)—and one that was also the most politically challenging CUNA President/CEO Dan Mica has seen in 40 years.
Click for slide show Dan Mica greets GAC attendees with , "Isn’t it great to be in Washington D.C., and isn’t great to be a credit union professional?"--the same warm welcome the outgoing CUNA chief has used during each of his 14 years as CUNA president and CEO. Getting down to business, Mica told his audience that just as the Great Depression of the 1930s created conditions that ultimately resulted in growth, the current difficult economic years will create growth for credit unions. (CUNA photo)
Mica addressed the CUNA board and attendees of the Governmental Affairs Conference during CUNA’s annual general meeting, which took place at Monday morning’s opening session. Among CUNA’s accomplishments in advocacy, Mica noted that CUNA:
* Worked with the leagues to defuse a 21-day requirement on open-ended lending products under the Credit Card Accountability, Responsibility and Disclosures (CARD) Act, convincing Congress to enact a fix clarifying that the law applies only to credit cards; * Worked to lift the borrowing cap for the National Credit Union Administration’s Central Liquidity Fund to $41 billion from $1 billion; * Dealt a blow to Unrelated Business Income Tax (UBIT) by backing Community First CU’s, Appleton, Wis., successful federal court challenge of UBIT; and * Preserved strong congressional relations while helping to defeat cramdown legislation. CUNA maintained its integrity and as a result, Congress "called on us more than ever before," Mica said.
CUNA also successfully kept itself on track financially, despite a grim economy. CUNA projects a positive margin for year-end 2009, he said. CUNA also generated positive press coverage from national news, broadcast and on TV. "Fourteen years ago, 99% of the news [about credit unions] was in the trades," Mica said. Kris Mecham, CUNA board chairman, echoed Mica’s thoughts on the busy and challenging year CUNA has faced. But he also noted another challenge the board has--to find Mica’s replacement. Mica, who began as president/CEO of CUNA in 1996, announced in August that he would step down from his position this year. Mecham said that when he heard Mica was leaving it was "certainly a sad day in my life." However, he assured attendees that the board has a slate of talented individuals from which to pick. "[Mica] has delivered exceptional results," Mecham said. "We are very grateful to [him]."


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