Callahan Mans the Credit Union Helm through the Seas of Deregulation

Lieberman, Robert B., American Banker

WASHINGTON -- When Edgar F. Callahan became chairma of the National Credit Union Administration in 1981, one of his first moves was to initiate a battle for deregulation of credit unions.

Many politicians and regulators were skeptical, Mr. Callahan recalled in an interview, in part because of the financial problems of the airline and trucking industries under deregulation. "There are still people saying it [deregulation] is bad," the 55-year-old agency chief added.

But since Mr. Callahan began his six- year term in charge of the agency that charters, supervises, and insures more than 11,000 credit unions, deregulation has occurred. It has come primarily in the form …

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Publication information: Article title: Callahan Mans the Credit Union Helm through the Seas of Deregulation. Contributors: Lieberman, Robert B. - Author. Magazine title: American Banker. Volume: 149. Publication date: April 9, 1984. Page number: 3+. © 2009 SourceMedia, Inc. COPYRIGHT 1984 Gale Group.

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