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Minnesota CUs support congressman
ROCHESTER, Minn. (8/17/10)--Minnesota credit union representatives took to the streets in Rochester last week to show their support for U.S. Rep. Tim Walz (D-Minn.) in his bid for re-election, said the Minnesota Credit Union Network (MnCUN).
Click to view larger image Credit union professionals and volunteers gathered for an event to support U.S. Rep. Tim Walz (D-Minn.), center, in his bid for re-election at the home of Kelly McDonough, president/CEO of First Alliance CU, Rochester. (Photo provided by the Minnesota Credit Union Network)
Since elected to office in 2006, Walz has been a strong credit union ally, advocating for the movement on a variety of issues including member business lending (MBL) and interchange. During in-district and Capitol Hill meetings over the past years, he has sought industry insight on issues affecting credit unions and their members in southwestern Minnesota, said MnCUN. Credit union professionals and volunteers dispersed throughout neighborhoods last Thursday in the 1st District, distributing literature and sharing information about the congressman’s strong desire to support constituents. The door-knocking event was followed by a reception held at the Rochester home of Kelly McDonough, president/CEO of First Alliance CU, Rochester. At the event, Walz thanked attendees for their efforts. He voiced concerns with an interchange provision of the recently enacted regulatory reform bill, and urged credit unions to remain active advocates for the industry and their members. Walz also discussed the need to increase the credit union MBL cap, expressing frustration with the fact that credit unions have money to lend but are being prevented from doing so due to the cap. He stated that limiting small businesses’ access to capital is “not good business sense” for the community. During this year’s campaign season, the MnCUN will coordinate several events to increase credit unions’ involvement in local election activities. Minnesota credit unions’ campaign involvement will continue throughout the summer and fall with events for credit union allies running for office at the state and federal level.


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