Oregon Senators Merkley and Wyden and Representative Blumenauer held a news conference at Rivermark Community Credit Union to call attention to the near impossibility credit unions face banking legal marijuana business. They scored the attention of all major Portland media outlets.
As Northwest credit unions join counterparts from other states for a fall Hike the Hill event, Oregon Rep. Earl Blumenauer addressed Congress in support of MBL legislation.
Rep. Earl Blumenauer has signed on as a co-sponsor of H.R. 3993, a bill introduced last month that would allow credit unions to accept supplemental capital.
Oregon Congressman Earl Blumenauer is now co-sponsoring legislation to raise the cap on member business loans, a move that stands to benefit the credit union movement and bolster the U.S. economy.