Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Cheney urges MBL-bill passage in multistate radio tour
WASHINGTON (8/16/12)--With members of Congress back in their home states this month, Credit Union National Association (CUNA) President/CEO Bill Cheney took to the airwaves in a series of radio interviews on why Congress should enact legislation to raise the cap on credit union member business lending (MBL).

The radio tour consisted of 12 phone interviews with stations around the country.

CUNA President/CEO Bill Cheney took the credit union message nationwide in a series of Wednesday radio interviews. (CUNA Photo)
Cheney in the interviews emphasized that raising the MBL cap would enable credit unions to help more small businesses and create new jobs at no cost to taxpayers.  He noted credit unions have a long and successful track record of small business lending, but some of the credit unions that have been most successful now must curb or stop lending because they are hitting the arbitrary 12.25% of assets statutory cap. "They're having to turn people away--it makes no sense," Cheney said.

The CUNA leader urged credit union members and listeners who agree with the credit union position to contact their senators and U.S. House members and urge passage of two CUNA-backed bills that would raise the MBL cap to 27.5% of assets, S. 2231 and H.R. 1418.

"If people agree small businesses need more access to capital, not less, contact your members of Congress" and ask them to pass these bills, Cheney said.

Cheney's interviews included Fox News' national radio network and stations in Alabama, Arizona, Florida, Maryland/D.C., Mississippi, Nebraska and Virginia.

In a number of the interviews, Cheney also had the opportunity to discuss the value of credit union membership and direct listeners to aSmarterChoice.org, the website developed by CUNA and credit union leagues. That site informs users on the basics of credit unions and provides resources to help them find one they are eligible to join.
Other Resources

RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
7 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
8 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
10 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
11 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
12 hours ago