Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU supporter resigns from Congress
WASHINGTON (7/11/12)--The resignation of Rep. Thaddeus McCotter (R-Mich.) leaves a void for credit unions in Michigan and the country, the Michigan Credit Union League (MCUL) said on Tuesday.

"Thad McCotter has been an important ally to the credit union movement," MCUL CEO David Adams added.

McCotter first served in the U.S. Congress in 2003, was a member of the House Financial Services Committee, and co-sponsored separate bills that would increase the credit union member business lending cap and grant credit unions greater access to supplemental capital. He also spoke at the Credit Union National Association's 2010 Governmental Affairs Conference.

McCotter last Friday announced he would resign from his seat after he did not gain the number of signatures needed to appear on a primary ballot.

The Michigan Bureau of Elections in May found only 277 of the 2,000 signatures McCotter turned in were valid, and the former congressman is being investigated for possible election fraud by Michigan state authorities.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
13 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
15 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
15 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
15 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
16 hours ago