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Minnesota CUs discuss CUBTRRA with congressman
ROCHESTER, Minn. (7/7/08)--Minnesota credit unions met with U.S. Rep. Tim Walz (DFL-1st District) to discuss credit union and national political issues June 30 at First Alliance CU in Rochester.
From left, Minnesota U.S. Rep. Tim Walz; John Shonyo, board member of Mayo Employees FCU, Rochester; and Harry Wobschall, board chairman, First Alliance CU, Rochester, discuss credit union issues during a meeting June 30 at First Alliance. (Photo provided by the Minnesota Credit Union Network)
Fifteen credit union professionals and volunteers attended the meeting and discussed a variety of current credit union and national issues with Walz. The meeting was part of the Minnesota Credit Union Network’s (MnCUN) goal to strengthen its political influence by building and cultivating positive relationships with legislators. One of the main topics of the meeting was the Credit Union, Bank, and Thrift Regulatory Relief Act (CUBTRRA), which was passed by the House as H.R. 6312 on June 24. CUBTRRA contains measures that would offer significant relief for credit unions and would also benefit banks and thrifts. The group discussed how this act would increase credit unions’ member business lending ability and help federally chartered credit unions serve underserved areas. Other topics covered in the meeting included national issues such as campaign financing and the high cost of fuel. The group also shared their concerns about the current health care system and discussed how to reform health care so that it would be easier for small credit unions to provide benefits to their employees. Walz also commented on credit unions’ community and political involvement. Minnesota credit unions are well represented in Washington, D.C., and their opinions are heard at the Capitol, Walz said. “Congressman Walz was very receptive to the issues and concerns we shared with him during the meeting,” said Mara Humphrey, MnCUN vice president-governmental affairs. “We look forward to working with him in the future and appreciate his support of credit unions.”


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