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Speaking on behalf of the Credit Union National Association, Cynthia Prestandrea of Prince George’s Community FCU told representatives of Congressional conservative “blue dog” democrats that the income that interchange fees provide is pivotal to the “survival” of her credit union. She was representing the CUNA at the briefing.

The dominant issue on the Hill this week for credit unions is the ongoing confirmation of Deborah Matz as National Credit Union Administration board member and, perhaps, as Chair.

With the current financial crisis gripping the U.S., credit unions are stepping up like superheroes to offer better financial rates to the public, which has lost trust in large financial institutions, said an economics professor Monday in a New York Times blog.

New levels of leadership and responsibility from all credit union executives will be key to helping the global credit union movement overcome the global economic crisis while maintaining its member service advantage. That was the message from two Monday speakers at the World Council of Credit Unions’ World Credit Union Conference in Barcelona, Spain.

Rep. Barney Frank (D-Mass.) reiterated Monday that he is confident the House will approve a financial regulatory reform bill and pass it on for Senate consideration by October, and President Obama will sign it by yearend.

Credit unions offer higher savings rates, lower fees and great personal service when compared with bigger banks, said the Washington Post Sunday.