WASHINGTON (5/7/12)--Credit Union National Association (CUNA) Cooperative Alliances Committee Chairman Mark Cummins thanked the Obama administration for its support of member business lending (MBL) legislation and urged its continued assistance in the push for enactment during a White House briefing session last Friday organized by the National Cooperative Business Association (NCBA).
Cummins, who is also president of the Minnesota Credit Union Network, emphasized how much more credit unions could do to help small businesses and create jobs with the passage of the Credit Union Small Business Jobs Act (S. 2231), in a session hosted by Rosie Rios, the Treasurer of the U.S. "And it can be done at no taxpayer cost," he added.
The MBL issue also drew attention during a presentation by Jon Carson, director of the White House Office of Public Engagement. Joseph Thomas, CEO of Fairfax County FCU, Fairfax, Va., said anything the administration could do to support MBL legislation would be appreciated. Carson said the administration believes "some good, smart ideas" can still be enacted this year despite the gridlock on Capitol Hill. Senate Majority Leader Harry Reid (D-Nev.) has promised to...
CUs, CUNA stress MBL benefits in White House co-op meeting | Credit Union National Association