Credit Unions Thank ‘Champion’ Senator Wyden at Portland Event

After the Senate finally finished its budget vote at 2:30 a.m. Eastern time on Friday, October 30, 2015, Oregon Senator Ron Wyden wrapped up his work and caught a plane to Portland.

By 12 p.m. Pacific, Wyden was meeting with 30+ credit union advocates who had assembled to thank him for being a credit union champion.

The event, hosted by OnPoint Community Credit Union in Portland, was attended by Oregon credit union advocates from as far away as Medford, Klamath Falls, and Bend.

“You have stood up in support of the credit union tax exemption, because you know that credit unions are different than for-profit banks and you know that both for-profit financial institutions and not-for-profit credit unions have a place in the financial marketplace, and in Oregon communities,” said OnPoint President/CEO Rob Stuart, addressing the Senator in front of the assembled guests.

“This year, you took your support one step further when you raised your hand to step up and help carry the flag that Senator Udall carried for so long regarding credit union member business lending. You recognize that it’s about small businesses, jobs and the communities across Oregon who need capital.  It’s not about banks vs. credit unions. We thank you for that.”

Turning to address the other credit union advocates, Stuart continued, “And that is what sets Senator Wyden apart. That is what makes him not a credit union friend, or a credit union supporter, but a credit union champion.”

Wyden then addressed the attendees, closing with a conversation about how Oregon credit unions might pilot an initiative to help Oregon households increase their savings, an initiative that could scale across the nation.

Northwest Credit Union Association President and CEO Troy Stang informed Senator Wyden that 1.8 million Oregonians are now members of credit unions. The Senator was impressed, asking “Is there another industry that touches more Oregonians in a meaningful way?”

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

Posted in Advocacy News, Events.