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CU System
Bayh named league Outstanding Hoosier Legislator
INDIANAPOLIS (9/23/09)--U.S. Sen. Evan Bayh has been named as the Indiana Credit Union League's Oustanding Hoosier Legislator for 2009. The award is presented each year during the league's convention to honor a legislator who has gone the extra mile to support Indiana's credit unions and their 2.2 million members. With Congress in session, Bayh was unable to attend a special luncheon Sept. 11, but his regional director, Andrew Homan, read his letter to the group of more than 150 attending. "Indiana's credit unions have remained strong and stable institutions even through this difficult economic time," Bayh wrote. "Moreover, credit unions have shown that the most successful financial institutions are those who seek to serve their customers and lend fairly. Indiana's 202 credit unions have proven that they are a reliable source of credit to Hoosier businesses and consumers," he added. "Evan Bayh has been a longtime credit union friend supporting key legislation like bankruptcy reform and regulatory relief, and voicing his support for credit unions' federal tax exemption," said league President John McKenzie. "In early 2009, credit unions faced a significant threat as Congress considered changes to bankruptcy law that would have harmed credit unions' ability to make mortgage loans. Sen. Bayh stepped strongly into the debate to lead the efforts in the Senate to try to reach a more targeted approach that would have a significantly less severe impact on credit unions," McKenzie said.


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