While most credit unions were closed Monday July 5, CUNA was transitioning from the Dan Mica era to the Bill Cheney era. Cheney, the former President/CEO of the California/Nevada League, officially became the President/CEO of CUNA on Monday. Cheney told CUNA News Now that his goal is step in and continue the hard work that was being done right up until he took office.
"We can't miss a beat, either in Washington or Madison (Wis.), as we represent and serve credit unions," he said, referring to the CUNA operations based in each of those cities. "Credit unions are facing serious legislative, regulatory and financial challenges. So, now more than ever, credit unions need a strong, responsive national trade association--and they have one in CUNA."
Cheney takes over CUNA at a time when credit unions are fightinig a tough battle against government controls on interchange fees and continue to work for further improvements in the pending legislation. If enacted, CUNA has stated that it stands ready to work for credit union interests as the Federal Reserve implements the controls. Cheney says advocacy will continue to be a top priority for CUNA.