We currently face one of the most serious legislative battles in recent memory and, for the first time, it looks rather bleak.
That's why all of us need to get active - immediately!!! We're running out of time. We must get the message to Congress to "TAKE THE INTERCHANGE AMENDMENT OUT OF THE BANKING REFORM BILL."
I'm not going to waste your time with details. If you don't know what I'm talking about, please visit the Credit Union National Association site here. There are so many things you, your co-workers and members can do to help the cause. Get active!
Yesterday we learned what the potential consequences are: The estimated cost of this legislation to credit unions is $15 - $35 per debit card per year! I don't know about you, but my credit union can't afford to take a hit like that. So what happens in that case? The consumer/member loses in the long run.
Be a leader and get busy -- your credit union can't afford not to. And if possible, plan to attend the "Hike the Hill" in DC on June 8 & 9.
