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News Now

CU System
CU rep at todays White House economic forum
IOWA CITY, Iowa (8/16/11)--Credit unions will be represented at the White House Rural Economic Forum at Northeast Iowa Community College in Peosta, Iowa. Among those in attendance will be Jeff Disterhoft, president/CEO of University of Iowa Community CU, Iowa City, Iowa. The forum will bring together small-business owners, private sector leaders, rural organizations and government officials to discuss ideas and initiatives to promote economic growth, accelerate hiring, and spur innovation in rural communities and small towns nationwide. The president will hear directly from rural leaders from across the nation to discuss the importance of growing small businesses and strengthening the middle class in rural America. Obama administration officials have said they will focus on a number of small initiatives that could benefit the economy, a theme the president has emphasized in recent speeches (The New York Times Aug. 13). The Credit Union National Association (CUNA) and credit unions are pressing Congress to increase credit unions’ member business lending (MBL) cap to 27.5% of assets from 12.25%. Doing so would open up more opportunity to offer MBLs, inject $13 billion in loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA said.


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