Thousands At GAC Told State Situations Are 'Code Red'

Some 3,000 people braved bad weather to attend CUNA's Governmental Affairs Conference last week, where they heard from pundits, politicians and peers.

While a half-dozen members of Congress lauded credit unions and offered reassurances that no tax bills are planned, for many of those in attendance it was the first they heard of the emerging threats to tax state-chartered credit unions (see story, right). CUNA CEO Dan Mica described the situation in the states as "Code Red."

Separately, credit unions expressed significant interest in what their peers are doing in payday lending and services to new immigrants. Coverage of the meeting appears throughout this issue.