BISMARCK, N.D. (12/18/12)--
From left, Credit Union Association of the Dakotas (CUAD) President/CEO Robbie Thompson, CUAD Vice President of Advocacy and Awareness Jeff Olson; U.S. Sen.-elect Heidi Heitkamp; and CUAD Board Chair Steve Davis. (Photo provided by the Credit Union Association of the Dakotas)
Leadership from the Credit Union Association of the Dakotas (CUAD) attended a meeting with U.S. Sen.-elect Heidi Heitkamp at her campaign office in Mandan, N.D., Friday.
The new senator from North Dakota could prove to be a powerful advocate for credit unions in Washington, D.C., because one of her committee assignments will be to serve on the Senate Banking Committee, said CUAD.
Heitkamp, the former North Dakota attorney general, is familiar with the financial cooperative model and credit unions.
CUAD legislative advocates took the opportunity to discuss several issues that may impact credit unions during the 113th Congress--such as tax status, increasing regulatory burdens and increasing credit unions' member business lending cap to 27.5% of assets from 12.25%.
Indicating the association looked forward to working with Heitkamp and noting her committee appointment, CUAD President/CEO Robbie Thompson said that Heitkamp "knows and understands credit unions--especially the issues facing small and rural area credit unions. We are confident that she will always be willing to listen to our concerns."