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Washington
Vibrant CU community recognized by House
WASHINGTON (9/10/09)—Credit Union National Association (CUNA) President/CEO Dan Mica Wednesday thanked the House for its recognition of the 75th anniversary of Federal Credit Union Act and the “vibrant” credit union community. Mica said, “The House resolution is a fitting reminder that America’s state- and federally chartered credit unions have a long and proud history of helping members improve their financial well being, especially in hard economic times whether during the Great Depression or in today’s recessionary environment. “The Federal Credit Union Act was instrumental in making this possible by opening the door to the development of a credit union movement that is truly national in scope. We are honored to have the House recognize all that this vitally important law enabled credit unions to achieve.” The House passed H Res. 556 by voice vote Wednesday. The commemorative bill recognizes both credit unions’ past and present service to the country through their service to credit union members. The resolution notably commends credit unions for their “instrumental role in helping hard-working people in the United States recover after the Great Depression,” as well as their continued exemplification of “the American values of thrift, self-help, and volunteerism, carving out a special place for themselves among the Nation’s financial institutions.” In his statement, Mica extended CUNA’s specials thanks to Reps. Jim Himes (D-Conn.), Rick Larson (D-Wash.), and Paul Kanjorski (D-Pa.) for offering the credit union resolution. Reps. Scott Garrett (R-N.J.), Earl Blumenauer (D-Ore.) and Ed Royce (R-Calif.) also spoke on the House floor in favor of the recognition. The national recognition precedes CUNA's 75th anniversary celebration, which will be held in Estes Park, Colo. Sept. 14-17. A number of CUNA committee and board meetings will also take place during the celebration. National Credit Union Administration board member Gigi Hyland is also scheduled to speak during a meeting of board members.
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