FOR IMMEDIATE RELEASE
January 20, 2015
CONTACT: Vicki Christner – CUNA Communications; (202) 508-6754; firstname.lastname@example.org
Washington, D.C. (January 20, 2015) – Today the U.S. Supreme Court denied petition for certiorari in the case of The National Association of Convenience Stores (NACS) v. Board of Governors of the Federal Reserve System. Following the court’s announcement, Credit Union National Association (CUNA) President and CEO Jim Nussle issued the following statement:
“The Supreme Court made the correct decision for credit unions and consumers today when it refused to hear this case,” said Jim Nussle, President and CEO of the Credit Union National Association. “The Fed’s rules aren’t perfect for credit unions – but after years of fighting, we appreciate the ability to move forward.”
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit www.cuna.org or follow @CUNA on Twitter. For more information about credit unions, visit www.aSmarterChoice.org and follow @asmarterchoice on Twitter. Visit the CUNA Press Room for a full listing of media mentions, press releases and resources to stay informed on current events within the credit union industry.