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Missouri CUs took MBL message to lawmakers
ST. LOUIS (9/8/11)--Missouri credit union leaders met with two members of Congress in two days during the final week of the August congressional recess.
Missouri credit union leaders met with members of Congress in two days during the final week of the August congressional recess. From left, are: Carolina Decker, CU Community CU, Springfield; Craig Tabor, BluCurrent CU, Springfield; Judy Hadsall, CU Community CU; U.S. Rep. Billy Long (R-Mo.), Justin Lumby and Ashlee Oldham, Assemblies of God CU, Springfield; and Amy McLard, Missouri Credit Union Association.
U.S. Rep. Vicky Hartzler (R-Mo.) met with Missouri credit unions during the August congressional recess. From left, are: Rick Nichols, River Region CU, Jefferson City; Sharon Ichord, Mid Missouri CU, Fort Leonard Wood; Louie Delk, Conservation Employees CU, Jefferson City; Hartzler; Dana Alderman, River Region CU; Hal James, Missouri CU, Columbia; Peggy Nalls, Missouri Credit Union Association, and Pat Yokley, CommunityAmerica CU, Lenexa. (Photos provided by the Missouri Credit Union Association)
Member business lending (MBL) was the focus of the discussions with both U.S. Rep. Billy Long (R-Mo.) and U.S. Rep. Vicky Hartzler (R- 4). Bills S. 509 and H.R. 1418, the Small Business lending Enhancement Act, would raise the credit union business lending cap to 27.5% of assets from 12.25% (The Missouri difference Sept. 6). The Credit Union National Association (CUNA) and credit unions are pressing Congress to increase the MBL cap to open up more opportunity to offer MBLs, inject $13 billion in loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA said. Long met with Springfield credit union representatives Aug. 31 at his district office. Attendees included Justin Lumby and Ashlee Oldham, Assemblies of God CU, Springfield; Carolina Decker and Judy Hadsall, CU Community CU, Springfield; Craig Tabor, BluCurrent CU, Springfield; and Amy McLard, Missouri Credit Union Association (MCUA). They explained the MBL bill and the potential impact to the community. The three credit unions are approaching the 12.25% cap on MBL, and will soon be unable to lend to small businesses due to the arbitrary limit. Freshman Rep. Hartzler learned about the credit union difference from eight credit union representatives on Sept. 1 The meeting in Hartzler’s Jefferson City office provided an opportunity to discuss credit union’s structure, the debit interchange issue and how credit unions are monitoring the impact of this legislation, and the need for supplemental capital. Attendees included:
* Louie Delk, Conservation Employees CU, Jefferson City; * Sharon Ichord, Mid Missouri CU, Fort Leonard Wood; * Hal James, Missouri CU, Columbia; * Rick Nichols and Dana Alderman, River Region CU, Jefferson City; * Pat Yokley, CommunityAmerica CU, Kansas City; and * Peggy Nalls and McLard, MCUA.
Since mid-July, Missouri credit union representatives have met with:
* U.S. Sen. Claire McCaskill (D); * U.S. Rep. William Lacy Clay (D); * U.S. Rep. Russ Carnahan (D); * U.S. Rep. Blaine Luetkemeyer (R); * U.S. Rep. Emanuel Cleaver (D); * U.S. Rep. Billy Long (R); and * U.S. Rep. Vicky Hartzler (R).
MCUA representatives also met with U.S. Rep. Sam Graves’ (R) chief of staff Tom Brown. Members of Congress returned to Washington, D.C., Tuesday.


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