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CU System
Presidential candidate to speak at Iowa CU convention
DES MOINES, Iowa (8/30/11)--Texas Gov. and Republican presidential candidate Rick Perry will speak at the Iowa Credit Union Convention at 12:15 p.m. (CT) on Sept. 16, the Iowa Credit Union League announced Monday. “We hope to be able to share some of the issues that are affecting our industry,” said Patrick S. Jury, president/CEO of the Iowa Credit Union League. Perry will share his thoughts on credit unions and the economy, and will also take questions from convention attendees. The announcement comes after Jeff Disterhoft, CEO of University of Iowa Community CU, had the opportunity to visit with President Barack Obama at a White House forum on job creation in Peosta, Iowa. Disterhoft spoke with Obama to garner support for legislation that would raise the credit union business lending (MBL) cap to 27.5% of assets from the current 12.25%. The Credit Union National Association (CUNA) and credit unions are pressing Congress to increase credit unions’ MBL cap. Doing so would 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.


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