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Article: Comment: Credit Union Lobbyists' Show Kept Big Issues Offscreen

Article from:
American Banker
Article date:
August 19, 1998
Author:
Copyright

Is there an equivalent to the Oscar for lobbyists? If so, I nominate those representing the credit union industry for the Best Lobbyists of 1998 Award.

Over the past year they mounted one of the most forceful and effective grassroots campaigns in history to persuade Congress to loosen the criteria for credit union membership.

They won big on Aug. 7 when President Clinton signed the legislation into law.

What is most impressive about the victory of the credit union industry, though, is not what was in the legislation that passed but what was missing.

Opening membership of credit unions to different groups with different common bonds isn't ...

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