Clinton Sees Key CU Role

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ROCHESTER, N.Y. - (10/12/04) -- Sen. Hillary Clinton told communitydevelopment credit union leaders she sees an important role for thecredit union movement in the next few years, regardless of whichparty wins control of the government in next month's elections.Clinton, one of the early advocates of community developmentbanking, told about 300 attendees to NCUA's PALS conference, shesees credit unions as an important counter-balance to the largefinancial institutions that are increasingly dominating the market."We need to do everything we can to strengthen credit unions," saidSen. Clinton. "It's clear to me, although credit unions have beenaround for a long time, that the future is filled with thepotential in new and powerful ways." Clinton said and she herSenate colleagues intentionally carved out an important role forcredit unions in a new bill they introduced that would restructurethe market for international remittance payments. She also said shewill support a credit union relief bill in the Senate nextCongress.

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