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News Now

Washington
Kansas CUs to testify at Aug. 23 hearing
WASHINGTON (8/20/10)--Representatives of the Kansas Credit Union Association and Kansas-based Mainstreet CU and Meritrust CU will be among those testifying during a pair of House finance subcommittee hearings set for Aug. 23 and 24. Kansas association President and Credit Union National Association board member Marla Marsh, as well as John Beverlin, CEO of Mainstreet Credit Union, will testify during the first hearing. The second hearing will feature testimony from Meritrust CU's community development liaison, Chris Wolgamott. The hearings, which will be chaired by House financial services oversight and investigations subcommittee leader Dennis Moore (D), are the second and third in an “End of Excess” series which is examining the causes of the financial crisis. The first hearing, which was held earlier this year in Washington, addressed debt and leverage issues. The Kansas association in a release said that testimony at the upcoming hearings will center on credit unions successful responses to the financial crisis and “examples of how Kansas credit unions’ financial literacy efforts can play a role in a more stable financial system.” The Aug. 23 hearing will take place at Johnson County Community College in Overland Park, Kansas, and the Aug. 24 hearing will be held at the University of Kansas in nearby Lawrence.


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