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CU System
Indiana congressman visits Regional FCUs PAC meeting
HAMMOND, Ind. (5/24/11)--U.S. Rep. Pete Visclosky (D-Ind.) visited Regional FCU, Hammond, Ind., for the first meeting of the credit union’s new political action committee (PAC).
Click to view larger image U.S. Rep. Pete Visclosky (D-Ind.) met with Northwest Indiana credit union leaders at the first meeting of Hammond, Ind.-based Regional FCU’s newly established political action committee (PAC). From left, Visclosky; Regional FCU President/CEO Jill Banning; Regional Director of Business Development and PAC Chairman Kevin Kosek. (Photo provided by the Indiana Credit Union League)
Visclosky addressed staff, officials and members of the credit union and representatives from the Indiana Credit Union League and other credit unions in northwest Indiana. He discussed national credit union issues, such as maintaining credit unions’ tax exempt status, member business lending and interchange, and district-level concerns, such as job issues in Lake County, Ind. Regional FCU President/CEO Jill Banning emphasized the credit union difference—saying that as financial cooperatives credit unions are owned by members and work to keep costs down for them. If the interchange legislation delay bill does not pass, those who will be hardest hit are the members who can least afford it, she stressed. “Having Rep. Visclosky come to our office and spend time with our group was very valuable,” Banning said. “The purpose of our PAC is to make members more informed about the issues that are important to them and to provide access to those individuals who are legislative decision makers. I think we accomplished that in this first meeting and we have a good model for future events.” The Regional FCU PAC is chaired by Kevin Kosek and will meet again in September. The Credit Union National Association (CUNA) opposes a proposal in Congress capping interchange fees and has told federal lawmakers that such action would harm consumers by driving up costs of debit cards, limiting consumer options, and harming competition and technological innovation. Interchange fees allow business costs, including the risk of consumer nonpayment, to be shared by the payments participants, CUNA said. It is asking Congress to stop and study the impact of the proposal.


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