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In a historic meeting during CUNA's Symposium, CUNA's State Credit Union Subcommittee and Federal Credit Union Subcommittee came together to brainstorm ways to preserve credit unions' dual chartering system.

With Governmental Affairs Committee Chairman Dick Ensweiler presiding, subcommittee members began to identify issues that affect the long-term viability of dual chartering. Such as:

Independence and budgeting of state credit union regulators

Private insurance options

Renaissance implementation on the federal and state levels

NCUA's "overhead transfer" rate

"We want to tackle the hard issues," said State Subcommittee Chairwoman Lee Williams, "and come up with strategies for solutions."

"These issues affect us all. It's very important that in one voice we get some consensus. "

- Lee Williams Chairwoman, CUNA's State Credit Union Subcommittee CEO, Aviation Associates Credit Union, Wichita, Kansas "There is no more important issue than the preservation of dual chartering."

Bucky Sebastian Chairman, CUNA's Federal Credit Union Subcommittee CEO, GTE Federal Credit Union, Tampa, Florida

Copyright Credit Union National Association, Inc. Oct 7, 2002
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