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News Now

CU System
CU System brief (06/27/2008)
* NEWARK, N.J. (6/30/08)--U.S. Rep. Donald Payne (D-N.J.), second from left, was honored before 60 New Jersey credit union leaders June 23 as the New Jersey Credit Union League's (NJCUL) Credit Union 2008 Legislator of the Year. Payne, a Credit Union Regulatory Improvements Act (CURIA) co-sponsor, has voted with credit unions on key issues such as the Financial Services Regulatory Relief Act; Fair and Accurate Credit Transaction (FACT) Act and Conference Report; Check Clearing for the 21st Century Act (Check 21); and the FDIC Reform Act. League President/CEO Paul Gentile noted Payne's ardent support and said Payne "truly understands our issues. He understands that while banks are looking to grow and expand, they expect credit unions to continue to operate under the 1934 model." With Payne are, from left: NJCUL Board Director Calvin Jackson, Gentile, and league Chairman Steve Schlundt. (Photo provided by the New Jersey Credit Union League) …


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