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Article: Could Use Of Federal Funding Tarnish Movement's White Hat?
- Article from:
- Credit Union Journal
- Article date:
- February 23, 2009
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Byline: Matt Blumenfeld, Reporter
WASHINGTON-When credit unions meet here this week for CUNA's GAC they will be anything but unified over whether or not to accept federal funding to shore up ailing balance sheets at corporate credit unions.
Dennis Dollar, the former NCUA chairman who heads up a consulting firm that bears his name in Birmingham, Ala., acknowledged there are deep rifts in the credit union world over the issue even as both CUNA and NAFCU were pushing for access to TARP funds, even if only to serve as an untapped backstop.
"Any trade association is going to have a split on an issue this philosophical, and it is a philosophical ...