Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
MBLs top Illinois CUs dialogue with Rep. Halvorson
NAPERVILLE, Ill. (5/20/10)--Member business loans (MBLs) were the top issue under discussion when Legislative Forum Representatives (LFR) from Illinois met in an open dialogue with U.S. Rep. Debbie Halvorson (D-Ill.) this week.
Click to view larger image Representatives from the Illinois Credit Union League and state credit unions recently met with U.S. Rep. Debbie Halvorson (D-Ill.) at NuMark CU. From left, are: Michelle Balog, executive vice president and David Harris, volunteer director, both of NuMark CU; Halvorson; and, from NuMark, Ann Dubie, CEO; Bill Tierney, director of commercial and residential services and Will County Chapter of Credit Unions legislative forum representative; and Linda Sachaschik, human resources manager. (Photo provided by the Illinois Credit Union League)
The meeting was hosted by NuMark CU in Crest Hill, Ill., and moderated by Bill Tierney, Will County Chapter of Credit Unions LFR and director of commercial and residential services at NuMark. More than 20 credit union executives, volunteers, LFRs and individuals from the Illinois Credit Union League (ICUL) and four league chapters--Bloomington, Kankakee Valley, Tri-County and Will County--attended. Halvorson said the lack of available small business loans is the No. 1 complaint from small business owners in her district. Ann Dubie, CEO of NuMark, said: “Many of our members are small business owners. The current limitations on MBLs restrict our ability to serve them as their primary financial institution. By increasing the asset cap from 12.25% to 25% and raising the MBL exception dollar amount from $50,000 to $250,000, we will be able to fully serve their needs.” The group also discussed interchange fees, regulatory reform, courtesy pay and overdraft protection. “Rep. Halvorson has always been a tireless worker and very supportive of credit union legislative and regulatory issues in Illinois, and in fact, holds a perfect voting record with us,” said Don Edwards, ICUL senior vice president of federal government affairs. “The perspective she brings to the table helps credit unions not only here, but also across the country, and we appreciated the ‘open door’ policy and dialogue session.”


RSS





print
News Now LiveWire
.@Discover to support #ApplePay by fall http://t.co/3wDjkOVU7P HT @Forbes
1 hour ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
4 hours ago
#DDoS attacks shorter, intense, more expensive: @VERISIGN http://t.co/zDFTPgTqQM
5 hours ago
eCommerce sites at risk of hacking as well http://t.co/q7ANQPfx2g
6 hours ago
As of Friday pm,#CUs, state CU leagues, CUNA & others had sent 1,654 comment letters on the @TheNCUA 's #RBC2015 plan http://t.co/1SKDxE1D5S
7 hours ago