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Washington
CUNA thanks lawmakers for pro-CU comments
WASHINGTON (7/1/08)—The Credit Union National Association (CUNA) sent letters to two lawmakers this week thanking them for voicing their support of credit unions in recent statements made on the House floor. In one letter, CUNA President/CEO Dan Mica thanked Rep. Maxine Waters (D-Calif.) for publicly noting the role of credit unions in helping those victimized by the subprime housing crisis. “Your sentiments, echoed by (House Financial Services Committee) Chairman (Barney) Frank (D-Mass.), further support the fact that regulated financial institutions like credit unions did not cause the current crisis in the nation’s housing sector,” Mica wrote. He also thanked Waters, who is a member of the House financial services panel, for her support for H.R. 6312, the Credit Union, Bank, and Thrift Regulatory Relief Act of 2008. “The credit union movement was very pleased with the affirmative outcome of the vote and the positive impact this legislation will have on credit unions across the country,” Mica wrote. In a second letter, CUNA commended Rep. Jerry Lewis (R-Calif.) for acknowledging the public service of Maurice Calderon, senior vice president for governmental affairs and community development with Arrowhead CU, San Bernardino, Calif. “Mr. Calderon is truly an example of public service and dedication to those in need,” Mica wrote and noted, “In this position, he put into practice the ideals of the credit union movement.” For instance, the CUNA letter pointed out, Calderon extended Arrowhead’s presence and outreach into “unbanked” areas of southern California, bringing affordable and convenient financial services to many people outside out the financial services mainstream. Use the resource link below for more information on H.R. 6312.


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