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News Now

Washington
Top leaders in Congress congratulate CUNA
WASHINGTON (9/17/09)—Senate Majority Leader Harry Reid (D-Nev.) and Speaker of the House Nancy Pelosi each sent congratulatory letters to the Credit Union National Association (CUNA) to mark the organization’s 75th year of operations. Delivered Wednesday at CUNA’s 75th anniversary meeting in Estes Park, Colo., the messages noted CUNA’s “major rile in the financial services industry,” as well as the group’s “dedicated service” and “commitment” to credit unions and the members they serve. Reid—extending his wishes for another 75 years of successful service—said he is not surprised by the “immense growth of CUNA” over the decades. “The establishment of this association in the wake of the Great Depression and the passage of the Federal Credit Union Act (FCUA) signifies the determination of (CUNA) members to provide quality financial services” to members, Reid wrote. The FCUS was signed in 1934 by President Franklin D. Roosevelt. Pelosi said she is proud of CUNA’s commitment to its member credit unions and the communities they serve and noted that 96 million people across the nation rely on credit unions “to save their hard-earned dollars, plan their financial futures, realize the dream of homeownership, and even send remittance to other countries.”


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