Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU-backed candidates advance
WASHINGTON (6/5/08)—Credit union-backed candidates in New Jersey and New Mexico won primaries this week for seats in the U.S. Senate, as did one candidate for a U.S. House seat in California. And two candidates with credit union support, vying for U.S. House slots in Alabama, have successfully advanced to run-off races in their state on July 15. The Credit Union National Association and state leagues supported the following candidates: In New Mexico, U.S. House member Steve Pearce won the Republican primary in the race to replace retiring Sen. Pete Domenici, also a Republican. Pearce currently is a member of the House Financial Services Committee and a co-sponsor of H.R. 1537, the Credit Union Regulatory Improvements Act (CURIA). He will face Rep. Tom Udall (D-N.M.) in the general election. Incumbent Sen. Frank Lautenberg (D-N.J.) defeated Rep. Rob Andrews (D-N.J.) in their state’s Democratic primary. Lautenberg will oppose former Republican Rep. Dick Zimmer in the general election. On the other side of the country, Californian Duncan D. Hunter, son of CURIA cosponsor and former presidential hopeful Rep. Duncan Hunter (R-Calif.), easily won his four-way primary with 73% of the vote. Also advancing in their races:
* State Rep. Jay Love (R) of Alabama moved ahead in his race for a U.S. House seat vacated by retiring Rep. Terry Everett (R-Ala.). On July 15, Love will be in a run-off election against community banker and state senator, Harri Anne Smith; and * Also in Alabama, credit union-backed candidate and casualty insurance executive Wayne Parker will be in a GOP runoff against Huntsville-based attorney Cheryl Guthrie. Parker and Guthrie are seeking the Republican nomination to replace retiring incumbent Rep. Bud Cramer (D-Ala.)
Each successful candidate received $5,000 from CUNA’s Credit Union Legislative Action Council (CULAC). Of the Alabama race, Alabama CU League President Gary Wolter said Wednesday, “We were very pleased by the results of Tuesday’s primary, Both Wayne and Jay have shown themselves to be leaders that understand credit unions, and our issues, and how important credit unions are for so many people. We look forward to continuing to work with them during the next phase of the campaign.”


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
11 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
13 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
14 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
15 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
15 hours ago