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4,000 Credit Union Reps Headed to Hill Next Week 4,000 Credit Union Reps Headed to Hill Next Week 4,000 Credit Union Reps Headed to Hill Next Week 4,000 Credit Union Reps H...

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4,000 Credit Union Reps Headed to Hill Next Week

March 13, 2012
About 4,000 credit union industry reps are headed to Washington next week for their annual conference and visits to virtually every House and Senate office.

The Hill meetings will take place mostly Wednesday and Thursday, according to the Credit Union National Association. The credit unions' legislative priorities include allowing credit unions new ways of raising capital without changing their structure and raising the cap on small business lending by credit unions.

CUNA has also been getting involved in today's congressional primary in Alabama, as Michael Beckel of the Center for Public Integrity reports:

Scandal-plagued Alabama Rep. Spencer Bachus is fighting for his political life in Tuesday's primary, but not everyone has given up on him -- the chairman of the House Financial Services Committee can still count on his friends in the credit union industry.

CUNA, the Credit Union National Association, spent nearly $28,000 on last-minute radio ads supporting the Republican congressman, one of the most influential lawmakers in Washington when it comes to regulating the financial services sector. ...

CUNA spokesman Patrick Keefe told iWatch News that over the years, Bachus has shown that he understands and supports credit unions.

"This particular contest is getting closer, and, as we support Rep. Bachus, we thought our involvement could be helpful to his chances," Keefe said.

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