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Mass. leagues Governmental Affairs Day held
BOSTON (5/14/09)--The Massachusetts Credit Union League’s annual Governmental Affairs Day was held at the Massachusetts State House. The event marked a celebration of the 100th anniversary of the founding of the credit union movement in Massachusetts and the role Pierre Jay, Massachusetts’ first Commissioner of Banks, played in the process. Mary Ann B. Clancy, league senior vice president of legislative affairs and general counsel, welcomed the group. League President Daniel F. Egan Jr. updated the attendees on the status of U.S. Senate Bill 896, the Helping Families Save Their Homes Act, which incorporates the corporate stabilization plan (E-Weekly May 13). Banking Commissioner Steven Antonakes congratulated credit unions on 100 years of service and recognized the insight of his predecessor Pierre Jay. Antonakes also discussed challenges that financial institutions, consumers and regulators are facing. State Sen. Michael R. Knapik (R-2nd Hampden and Hampshire), who serves as the ranking Republican on the Senate Ways and Means Committee, provided an overview of the current budget deliberations in the state legislature and the challenges that the current revenue shortfall poses to state government, said the league. State Sen. Stephen J. Buoniconti (D-Hampden), who chairs the Joint Committee on Financial Services, urged credit unions to continue to be proactive in educating the legislature about their unique character and contributions to the quality of life in Massachusetts. He noted the legislature will be examining possible income sources during this session. Dr. Andrew Smith, director of the University of New Hampshire Survey Center, provided an overview of the political landscape in the wake of the 2008 elections both nationally and in Massachusetts. State Rep. Peter J. Koutoujian (D-10th Middlesex) praised the work done by the credit unions of Massachusetts for the consumers of Massachusetts. State Treasurer Timothy Cahill spoke about key public/private partnerships that credit unions are participating in, such as the state’s Savings Make Sense program. He lauded credit unions for their public spiritedness.
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