Credit Union Champions Enjoy Successful Midterms at Federal and State Levels
November 6, 2014
November 6, 2014
As the final votes are counted, Northwest credit unions can celebrate a number of successes in Tuesday’s midterm elections at both the federal and state levels.
“Many thanks to all of our credit union advocates who supported our efforts in one way or another,” said Jennifer Wagner, senior vice president of advocacy for the NWCUA. “Engaging in campaigns and elections is some of the most important work we do. It is critical that our elected officials understand the structure, value and impact of credit unions. Our educational work with candidates and the financial support delivered by local credit union leaders is the formula that gets it done.”
Of the races that have been decided, CULAC-backed candidates have won 92% of their elections. Unfortunately Senator Mark Udall (D-Colorado), one of the biggest credit union champions, was defeated by another credit union friend, Representative Cory Gardner (R). In Alaska, credit union champion Senator Mark Begich (D-Alaska) is trailing in a close race with Republican Dan Sullivan. Votes are still being counted.
Republicans extended their majority in the House and took control of the Senate, which presents both challenges and opportunities for credit unions. The Republican Congress is expected to pass a number of regulatory relief bills, in which the NWCUA, CUNA and all their members and affiliates will work to ensure that credit unions are included. House Republicans have made the budget a top priority, with tax reform implications, and the credit union movement stands ready to once again engage to protect credit unions’ tax status.
In the Northwest, Senator Merkley and all House incumbents were reelected as expected. The results of Washington’s 4th Congressional district race are still pending, where the NWCUA supported Dan Newhouse in a race against Clint Didier.
In Washington, 97% of CULAF-backed candidates won their races, with three races remaining too close to call. CULAF supported the incumbents in each of those races.
Overall, Republicans in the state Senate have taken the clear majority with the election of CULAF-supported Mark Miloscia (R-Federal Way) taking the place of retiring Democratic Senator Tracey Eide. But it’s widely expected that the Senate Majority Coalition Caucus (MCC) will remain in control as Senator Tim Sheldon (D-Potlach) caucuses with Republicans in the Senate, giving the MCC a 26-23 majority.
CULAF-supported candidates have a 100% success rate in Oregon so far, with one race still too close to call. The Senate is currently 17D-12R with one undecided race, while the House is currently 33D-27R. As expected, Governor Kitzhaber coasted to an unprecedented fourth term.
Questions about this story? Contact James Pearson: 206.340.4790, email@example.com.
Posted in Advocacy News.