Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Pa. House candidate a former CU employee
HARRISBURG, Pa. (9/18/12)--
Pennsylvania Credit Union Association Director Cookie Yoder, left, meets Erin Molchany, candidate for the 22nd District State House Seat. (Photo provided by the Pennsylvania Credit Union Association.)
A candidate running for the 22nd State House District in Pennsylvania is a former credit union employee and has strong ties to credit unions, according to the Pennsylvania Credit Union Association (PCUA).

If elected, Erin Molchany would represent portions of Allegheny County, said PCUA (Life is a Highway Sept. 17). 

Molchany worked in a credit union and is the daughter of Fred Molchany, a board director of People First FCU, Allentown. PCUA Director Cookie Yoder, CEO of City Co FCU, Pittsburgh, attended an event last week for Molchany.

PCUA said Molchany  is devoted to making her region a better place for entrepreneurs to invest their time, energy and passion, and believes that credit unions can play a part in the process.

On a federal level, credit unions are urging Congress to pass legislation that would raise their member business lending (MBL) cap to 27.5% of assets from 12.25% so credit unions can play a larger role in the economic recovery. The Credit Union National Association (CUNA) estimates that raising the cap would allow credit unions to inject $13 billion in new small-business loans into the economy and would create140,000 new jobs the first year, without cost to taxpayers.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago