Two years later, CUNA officially endorses the Bond. Credit Unions begin providing member checking accounts with share drafts. In its first acquistion ever, CUNA Mutual acquires League Life and League General Insurance Companies from the Michigan Credit Union League. 1989 - CUNA Mutual and the Century Companies of America come together in a permanent affiliation. The structure is the first of its kind within the insurance industry.
Bankers claim the Federal CU Act is being violated.
A nationwide attack on credit unions by banks and banking industry trade association begins. The legislative battle heats up with H.R. 1151.