Credit union leaders thanked Senator Wyden for helping to protect credit unions’ tax status and for introducing a bill that would allow increased credit union lending to small businesses.
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.
The bill fixes a disparity in how certain real estate loans are classified, allowing credit unions to provide more capital to the small businesses that create jobs and fuel growth in our communities.
With ballots out in both Oregon and Washington and Election Day now just 13 days away, advocates in the Northwest are busy helping candidates and spreading the word to get out the vote.