Oregon Legislative Update: State Treasurer Meets with Credit Union Leaders

On a sunny Monday afternoon in Portland, OnPoint Community Credit Union and the Northwest Credit Union Association (NWCUA) welcomed State Treasurer Ted Wheeler for a get-together with several credit union leaders. Hosted by Rob Stuart, president and CEO of OnPoint, yesterday’s event included representatives from Advantis Community Credit Union, Unitus Community Credit Union, Valley Credit Union and NW Priority Credit Union.

Stuart thanked Wheeler for his leadership on several issues important to Oregon credit unions, including the implementation of the public funds law, the new Oregon Growth Board and financial education. The credit union leaders also expressed their collective appreciation for the strong partnership with the State Treasurer’s office over the years and the consistent opportunities for successful collaboration with the treasurer and his staff.

The event concluded with Stuart presenting a Credit Union Legislative Action Fund (CULAF) Political Action Committee (PAC) check for Wheeler’s reelection efforts. Wheeler does not presently have an opponent for the general election, but he did discuss possible candidate write-in efforts currently in the works.

“The Association appreciates all of its credit union advocates for their assistance in meeting with elected officials and candidates,” said Pamela Leavitt, contract lobbyist for the NWCUA. “And thank you to OnPoint for hosting this important event!”

Since being appointed and then elected in 2010, Wheeler has directed efforts to implement money-saving technologies, strengthened access to data, authorized fraud lawsuits against firms that misled investors, earned an upgrade in Oregon’s credit rating, and revamped the Oregon 529 College Savings Network with lower costs and more options for families.

Wheeler has also assumed a leadership role when it comes to economic development. He convened business leaders and spearheaded a new statewide blueprint, dubbed the Oregon Investment Act, which was approved by the Legislature in 2012.

Serving as the chair of the Multnomah County Commission from 2006 to 2010, Wheeler was a champion of preventative services. Under his leadership, Multnomah County reduced the cost of government while maintaining safety net programs for the elderly and drug and alcohol treatment programs, and forging partnerships to fund a mental health crisis center. As the county’s chief executive, he oversaw a workforce of more than 4,400 and was responsible for reducing and balancing the budget and cutting the county’s debt.

Wheeler brings a strong management and financial background to the office of State Treasurer. Before entering elected office, he worked in the financial services industry, and his career included posts at Bank of America and at Copper Mountain Trust, where he was a senior manager.

He earned his undergraduate degree in economics from Stanford University, an MBA from Columbia University and a master’s in public policy from the John F. Kennedy School of Government at Harvard University.

Wheeler believes the State Treasury also should be a robust resource for Oregonians to improve and protect their own financial health. He launched a new consumer financial protection web site, GuardYourMoney.org.

The treasurer is one of three Oregon Constitutional officers, along with the governor and secretary of state, and sits on several important committees, including the State Land Board, which oversees economic activity on state-owned waterways and Common School Fund lands. He is also a member of the Oregon Investment Council.


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, Business Solutions.