INDIANAPOLIS (11/2/12)--The Indiana Credit Union League has named two congressmen-- Andre Carson (D-7), who represents Indiana's 7th Congressional District, and Marlin Stutzman (R-3), who represents Indiana's 3rd Congressional District--as Outstanding Hoosier Legislators for 2012.
The award is presented each year during the league's annual convention to honor legislators who have gone the extra mile to support Indiana's credit unions and their 2.2 million members. This year's convention was held Oct. 3-5.
Since joining Congress in early 2008, Carson has proven to be a strong credit union supporter, said the league. As a member of the House Financial Services Committee, he has been interested in credit unions' perspectives on critical issues that have come before the committee. For the third time, Carson signed on as a co-sponsor of legislation that would help create jobs by increasing the limit on loans that credit unions can make to small businesses.
Carson has strong relationships with the credit unions in his district and understands the important role credit unions play in their communities, the league said.
Stutzman also has become a strong credit union supporter since joining Congress in late 2010. Beginning early on, he met on many occasions with credit unions in his district and in Washington, D.C. and has voiced support for credit unions on key issues, including debit card swipe fees and member business lending (MBL).
Stutzman is a co-sponsor of H.R. 1418, which would increase the credit union MBL cap.
"With the many important issues being discussed in Congress, Indiana's credit unions appreciate the support of these two leaders," said league President John McKenzie. "They both support increasing the cap on credit union small business lending and they are willing to take a stand on legislation that will help create jobs in Indiana communities."
The Credit Union National Association (CUNA) and credit unions are urging Congress to increase credit unions' MBL cap to 27.5% of assets from 12.25%. CUNA and credit unions say that increasing the cap would open up more opportunity to offer MBLs, inject $13 billion in business loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers.