Massachusetts Credit Union League Board members and supporters pose with Elizabeth Warren in announcing the league's endorsement of her U.S. Senate candidacy. From left are Kathy Hutchinson, president/CEO of UMass 5 College CU; Judy Fredenberg, member Worcester CU; C. David Surface, president/CEO of St. Jean's CU; Mary Ann Clancy, general counsel and senior vice president, legislative affairs; Eugene Foley, president/CEO Harvard University Employees CU; Warren; David Plantier, president/ CEO, Mass Mutual Employees FCU; and David L'Ecuyer, president/CEO, Central One FCU. (Photo provided by the Massachusetts Credit Union League)
WORCESTER, Mass. (7/27/12)--The Massachusetts Credit Union League Wednesday endorsed Elizabeth Warren in the U.S. Senate race in Massachusetts, saying that she will be a strong advocate to promote a level playing field for credit unions.
"Elizabeth Warren has been a strong and vocal proponent of the benefits that credit unions provide to working families across the Commonwealth and around the country," said Daniel F. Egan Jr., league president."It is our hope and expectation that Elizabeth will be a United States Senator who will ensure that credit unions and their members have an advocate in the Senate because the big banks in this country already have enough of them."
There are more than 200 credit unions in Massachusetts with over 2.5 million members, the league said.
"I'm honored to receive the endorsement of the Massachusetts Credit Union League," Warren said. "Credit unions have played a crucial role in the development of the middle class, both across America and within Massachusetts. The league and the credit unions that compose it provide valuable services to their communities. Credit unions serve their members more than viewing them as a source of revenue. That's why it's important to level the playing field for credit unions and the hard-working Americans who rely on their services."
Warren left the Consumer Financial Protection Bureau (CFPB) as special adviser to U.S. Treasury Secretary Tim Geithner on Aug. 1. Warren was long thought to be the frontrunner for the CFPB's top post, but a number of key Republicans opposed her for the CFPB position, raising doubts about her nomination clearing the U.S. Senate confirmation process (News Now
July 28, 2011).