NAFCU Congressional Caucus Kicks Off

WASHINGTON, Sep 15, 2008 (allCUnews) -- Today, hundreds of credit union CEOs and leaders gathered for the National Association of Federal Credit Unions (NAFCU) 34th Annual Congressional Caucus. Attendees in Washington will hear from lawmakers and advisors to both presidential candidates on the economy and other issues. The recent federal conservatorship of Fannie Mae and Freddie Mac and the weekend developments of Merrill Lynch and Lehman Bros. are likely to be the subject of discussion.
Douglas Holtz-Eakin and Gary Gensler, senior policy advisors for the McCain and Obama campaigns, respectively, will discuss their candidates' views during a Caucus luncheon at noon today.

"Without a doubt, the financial landscape presents many challenges today," said NAFCU President Fred Becker. "Recent developments underscore the value of credit unions in today's economy. As not-for-profit, member-driven financial institutions with a tradition of conservative financial practices, credit unions are continuing to demonstrate solid fundamentals."
Becker added, "Our caucus gives credit unions the opportunity to gain valuable insight from congressional representatives as well as the chance to update their representatives on issues that are vital to credit unions in their respective communities."
Over 15 members of Congress are scheduled to address Caucus attendees. In addition, all three National Credit Union Administration (NCUA) Board members--Chairman Michael Fryzel, Vice Chairman Rodney Hood and Board Member Gigi Hyland--will speak to the delegates.
Federal credit unions are under the supervision of the National Credit Union Administration (NCUA), which is responsible for overseeing the National Credit Union Share Insurance Fund (NCUSIF).
NAFCU's 34th Annual Congressional Caucus runs from Sept. 15-17 at the Grand Hyatt Washington.
NAFCU is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.
For the latest in credit union information, visit our Web site @ www.nafcu.org
SOURCE: National Association of Federal Credit Unions (NAFCU)
National Association of Federal Credit Unions (NAFCU)
Patty Briotta, 703-200-4600 (cell)
pbriotta@nafcu.org