HARRISBURG, Pa. (1/6/10)--Credit unions have a great reputation in the financial services industry, U.S. Rep. Paul Kanjorski (D-Pa.) told credit union leaders Monday at a town hall meeting for Pennsylvania’s 11th Congressional District.
“You offer a great service, and credit unions have a great reputation,” Kanjorski said. “Stick to your mission of providing financial services at a great value,” he added (Life is a Highway
Jan. 5). The meeting also focused on Kanjorski’s bill that would lift the member business lending cap from 12.25% to 25% of assets and exclude loans less than $250,000 from being defined as a “business loan.” All credit unions present at the meeting stressed how small businesses are looking for new sources of credit while banks tighten loans, the association said. Regarding the 2010 election cycle, credit unions urged Kanjorski to seek another term. Pennsylvania Credit Union Association President/CEO Jim McCormack pledged support for Kanjorski’s campaign.