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Iowa state leaders support CUs Little Guy
Iowa Gov. Chet Culver kicks off the Annual Iowa Credit Union League Legislative Issues Conference Tuesday in Des Moines, Iowa.
DES MOINES, Iowa (2/25/08)--Iowa state legislative leaders voiced their support for credit unions and “The Little Guy” at the annual Iowa Credit Union league Legislative Issues Conference Tuesday. More than 100 Iowa credit union representatives convened to learn more about the legislative issues affecting the credit union industry and how to engage their legislators. Iowa Gov. Chet Culver and National Credit Union Administration Chairman JoAnn Johnson were featured speakers at the conference. Culver focused on the need for financial literacy in Iowa and acknowledged that Iowa credit unions have been actively involved with financial education for their members. He invited the Iowa league to join the Governor’s Financial Education working group. “It’s important that we teach our children and young adults the importance of managing money at a young age,” Culver said.
Iowa State Senate President John P. “Jack” Kibbie meets “The Little Guy” at the Annual Iowa Credit Union League Legislative Issues Conference. (Photos provided by the Iowa Credit Union League)
Johnson thanked Iowa credit unions for their support and cooperation over the years. She also addressed some of the issues NCUA is working on, including improving member business lending regulations, and proposing rules concerning mergers and acquisitions. Iowa State Treasurer Michael Fitzgerald encouraged Iowa credit unions to take part in the Linked Investments for Tomorrow (LIFT) Program. Two credit unions already participate in the program, which works to invest capital into small businesses owned and operated by Iowa residents. Conference participants and state legislators also were introduced to “The Little Guy,” who represents hard-working men and women that credit unions serve. “The Little Guy” is a national awareness campaign spearheaded by the Credit Union National Association.
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