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Al Franken tours US FCU talks CU issues
ST. PAUL, Minn. (1/29/08)--Minnesota credit union representatives met with U.S. Senate candidate Al Franken Friday as he toured the St. Paul branch of US FCU with more than 20 people and took part in discussion about current credit union issues.
U.S. Senate candidate Al Franken, left, discusses the Credit Union Regulatory Improvements Act and other credit union issues with Minnesota credit union representatives, including Bob Stowell, senior vice president/chief operations officer for US FCU, at a tour of the credit union Friday. (Photo provided by the Minnesota Credit Union Network)
The group included representatives from seven credit unions, the Minnesota Credit Union Network (MnCUN), and organizations partnering with US FCU, a $735.2 million asset, Burnsville, Minn.-based credit union. The credit union’s new St. Paul branch is part of the Eastside Financial Center--a partnership among US FCU, Thrivent Financial for Lutherans, and Lutheran Social Services. The goal of the center is to serve members of the community who are not currently served by traditional banks. The center offers products and services such as cash checking, salary advance loans, and a savings development program. Franken strengthened his knowledge and understanding of credit union issues through a group discussion that followed the tour. Franken asked questions about the Credit Union Regulatory Improvements Act of 2007 (H.R. 1537), known as CURIA. Credit union representatives responded by outlining various provisions of the bill and illustrated how CURIA would allow them to better serve their members. Franken expressed his desire to learn more about credit unions. “I admire what you’re doing because its community-based, which we’ve lost in this country, and it’s allowing people to get credit for their homes and businesses,” Franken said. He said he would look “forward to working in partnership with you and helping you serve the people of your community.” Mark D. Cummins, MnCUN president/CEO, said the meeting with Franken was productive. “Our meeting allowed us to share with him the difference that credit unions make in our communities, and he seems very supportive of our mission,” Cummins said. “I am pleased that he understands the importance of credit unions to his campaign.” Franken is one of four Democratic candidates challenging freshman incumbent Sen. Norm Coleman (R-Minn.). Franken is an author, radio talk show host, comedian and 20-year writer/actor on the TV show “Saturday Night Live.”


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