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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.”


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