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CU System
Pa. CUs in district meetings with state legislators
HARRISBURG, Pa. (12/28/09)--Pennsylvania credit unions have participated in several district meetings with state legislators, discussing overdraft protection, member business lending, interchange and the positive actions credit unions are taking for their communities.
On Dec. 22, Rep. Glenn Thompson (R-5) and Charles Dent (R-15) were briefed on key credit union issues by Connie Wheeler, CEO, and Jim Beierlein, board member, both of Penn State FCU, Bellefonte (Life is a Highway Dec. 23). Thompson, who is a member of two credit unions, said credit unions did not contribute to the nation’s financial crisis. If there were more credit unions, there would not have been a financial meltdown, he added. Dent met with Fran Muto, CEO, People First FCU, Allentown; Rosie Krantz, CEO, Lehigh Valley Educators CU, Allentown; and Alan Musselman, chief financial officer, First Commonwealth FCU, Lehigh Valley. Rick Wargo, Pennsylvania Credit Union Association (PCUA) executive vice president and general counsel, and M.E. Siegfried, PCUA communications specialist, also attended.
Rep. Glenn Thompson (R-5) met with Connie Wheeler and Jim Beierlein, Penn State FCU, Dec. 22. Thompson is a member of two credit unions.
Rep. Charles Dent (R-15) met with credit union representatives Dec. 22. From left are Rick Wargo, Pennsylvania Credit Union Association executive vice president and general counsel; Fran Muto, CEO, People First FCU; Dent; Rosie Krantz, CEO, Lehigh Valley Educators CU; and Alan Musselman, chief financial officer, First Commonwealth FCU. (Photos provided by the Pennsylvania Credit Union Association)
During the meeting, Dent agreed with the credit union representatives on the value of overdraft protection and how it helps consumers. He also addressed concerns about the proposed Consumer Financial Protection Agency, saying that it is “going after a lot of folks who are already regulated but aren’t the cause of the problem we’re in today.” On Dec. 18, Mark Brennan, PCUA governmental affairs committee member; Ron Celaschi, Clearview FCU, Moon Township; and Lisa Florian, Riverset CU, Pittsburgh, met with Rep. Tim Murphy (R-18). The group discussed financial literacy; overdrafts; interchange; member business lending; cramdowns; and the Credit Card Accountability, Responsibility, and Disclosures Act. PCUA Director Cookie Yoder and Ron Lasich, PCUA governmental affairs committee member, met with Rep. Mike Doyle (D-14). They discussed what credit unions are doing for their members in the stressed economy, overdraft protection, interchange and member business lending.
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