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News Now

Washington
Lawmaker credits CUs work on cramdown bill
WASHINGTON (2/27/09)—Rep. John Culberson (R-Tex.), using the micro-blogging service called Twitter, praised credit unions for their work against a mortgage “cramdown” bill. As approximately 4,200 credit union representatives prepared to leave Washington following the final sessions of the Credit Union National Association’s (CUNA’s) Governmental Affairs Conference (GAC), Culberson wrote:
* “The credit unions have done a great service to America by persuading (House Speaker Nancy) Pelosi to pull the bad housing bill from the floor today."
Twitter limits micro-blog postings to 140 characters. “But Rep. Culberson said it all in those few letters,” said Ryan Donovan Thursday. Donovan is CUNA's vice president of legislative affairs. “The Hill visits that are launched in conjunction with CUNA’s GAC are always valuable. This recognition just underscores the impact credit unions have with their grassroots advocacy, especially during the GAC when our numbers are so strong,” Donovan said.
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