Northwest Credit Union Supporters Get the Attention of Congress

March 21, 2012

Two hundred credit union supporters joined the leadership team of the Northwest Credit Union Association (NWCUA) for a series of meetings with their Congressional delegation Wednesday. The group is in Washington, D.C., with some 4,000 credit union activists from around the nation for the Governmental Affairs Conference (GAC) sponsored by the Credit Union National Association (CUNA).

Visitors to the office of Oregon District 5 Rep. Kurt Schrader included a Corvallis, Ore., small-business owner who used credit union financing to launch his business. Schrader was an early co-sponsor of H.R. 1418, known as the Small Business Lending Enhancement Act. The legislation seeks to extend the credit union member business lending (MBL) cap from its current 12.25 percent to 27.5 percent of a credit union’s total assets. Estimates show that passing the legislation would create up to 7,000 jobs in Washington and Oregon within the first year.

Washington District 3 Rep. Jaime Herrera Beutler also hosted a large Northwest delegation in her office Wednesday morning. The Republican Congresswoman signed on in support of the House’s MBL legislation in July 2011.

In addition to Schrader and Herrera Beutler, other Northwest congressional supporters include Oregon Reps. Earl Blumenauer, D-Ore. 3, and Suzanne Bonamici, D-Ore. 1. Oregon Sen. Ron Wyden, D-Ore., is supporting the Senate version of the MBL legislation, Senate Bill 509.

 

Questions? Contact a member of the Association’s Legislative Affairs team:

Jennifer Wagner, Vice President of Legislative Advocacy
Mark Minickiello, Vice President of Legislative Affairs
Stacy Augustine, Senior Vice President & General Counsel

Posted in Advocacy News, Federal.