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CUs thank Wis mayor for small-biz credit advocacy
Click to view larger image Racine Mayor John Dickert was honored at the Wisconsin Credit Union League's annual Government Affairs Conference for helping to pass a resolution at the U.S. Conference of Mayors in support of federal legislation that would ensure small businesses can access needed loans through credit unions. Pictured, from left, are: Brett Thompson, president /CEO, Wisconsin Credit Union League; Dickert; Jack Gill, chair, Wisconsin Credit Union League Government Affairs Committee and president/CEO, First Community CU, Beloit, Wis. (Photo provided by the Wisconsin Credit Union League)
PEWAUKEE, Wis. (2/1/13)--John Dickert, mayor of Racine, Wis., was honored for his small-business advocacy efforts by the Wisconsin Credit Union League's annual Government Affairs Conference in Madison, Wis.

He was recognized in front of 230 attendees for helping to pass a resolution at the U.S. Conference of Mayors in support of federal legislation that would ensure small businesses can access needed loans through credit unions.

"Mayor Dickert understands that credit unions can fill today's huge void for business credit because they have billions available to lend, a 100-year history of making business loans safely, the support of federal regulators and the support of 80% of Wisconsin voters who, like ForbesMagazine, see this as an absolute no-brainer," said Brett Thompson, league president/CEO.

A plaque was presented to Dickert on behalf of the 95 million consumers nationwide who own credit unions, thanking him and acknowledging his help in adding a bipartisan list of 187 mayors to the resolution supporting the Credit Union Small Business Jobs Bill (S.B. 2231/H.R. 1418). 

The legislation, pushed by the Credit Union National Association and credit unions nationwide, was introduced in the previous 112th Congress. It would have increased the ability of credit unions to extend $13 billion in loans to small businesses at no cost to taxpayers. In the first year alone, it would have generated 157,000 new jobs nationwide. In Wisconsin, it would have provided $458 million in new credit and created nearly 5,000 jobs.

A similar version of the bill likely will be reintroduced in the current 113th Congress and is one of CUNA's top priorities for 2013.
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