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Article: CU Views On The Federal 'Bailout' Plan.
- Article from:
- Credit Union Journal
- Article date:
- October 6, 2008
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WASHINGTON-As the Senate sent yet another bailout bill to the House late last week, credit union executives were expressing doubts on a credit union role, even as they conceded the bailout will benefit them by the effects it will have on the overall mortgage markets-which make up half the credit union business these days.
Craig Israel, President, First South Credit Union, Memphis
"I disagree with the action by our trade associations to put as at the front of the line (for aid). I understand that some credit unions and corporates may need some help, but if credit unions are listed as one of the target entities that asked for assistance, I'm not sure that ...