Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Rep. Peters emphasizes CU mission during Mich. league meeting
GRAND RAPIDS, Mich. (6/12/14)--U.S. Rep. Gary Peters (D-Bloomfield Hills), a longtime supporter of credit unions, dropped in for a meet-and-greet appearance at the Michigan Credit Union League's Annual Convention and Exhibition last week (Monitor June 10).

U.S. Senate candidate Gary Peters, center, talks to John Buckley, president/CEO of Gerber FCU, Fremont, left, and Michigan Credit Union League President/CEO David Adams. (Monitor photo)
Since working as a state legislator, Peters has championed the credit union movement, citing credit unions as being instrumental in seeing businesses through the recession by continuing to provide loans to small businesses.

Running for the U.S. Senate, Peters said that if elected later this year, he will fight to ease the regulatory burden that credit unions face.

"It's important that we understand that the mission of a credit union in serving the members and the local community, it's not about having an overly regulatory environment," Peters said. "If we do that, a small credit union simply isn't going to be able to hire the number of lawyers and compliance folks.

"And if credit unions go out of business, then we get even further concentration of the banking industry, which I think is not good for our country."


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago