Bankers 'Have Made Progress,' CCUL'sCheney Warns

MONTEREY, Calif. - (03/14/06) -- The banking trade associations havebeen able to make "progress" in their continuing campaign againstcredit unions, Bill Cheney said Monday. Cheney, in his firstaddress as president and CEO of the California and Nevada CreditUnion Leagues, spoke at the opening general session of the Leagues'Big Valley Educational Conference here. Cheney officially took overfor the retiring David Chatfield March 1. "The bankers are tryingto do away with credit unions so people don't have a choice,"Cheney declared. "The bankers have made progress. They havelaunched legal efforts in Utah and Pennsylvania - not enough torestrict credit union growth in those states, but they promise morelawsuits."