PORTLAND, Maine (1/17/12)--U.S. Sen. Olympia Snowe (R-Maine) asked the Maine Credit Union League to encourage credit union attendance at today's Facebook for Small Businesses event in Augusta, Maine. Snowe is slated to be a guest speaker at the event.
The league reported in its Weekly Update (Jan. 13) that Snowe's office contacted the league. Snowe is the ranking member on the Committee on Small Business and Entrepreneurship. Her senior counsel on the committee contacted Quincy Hentzel, the league's director of governmental affairs, to invite credit unions to attend.
Hentzel said the event is a "great opportunity for those credit unions who would like to use Facebook and social media outlets to reach new members and stay connected with current members. " The free event also is a way to keep credit unions visible to lawmakers, she said.
Member business lending (MBL) is a key priority among credit unions. The Credit Union National Association (CUNA) and credit unions have been urging Congress to increase the MBL cap for credit unions to 27.5% of assets from the current 12.25% to help inject more than $13 billion in small business loans into the economy. Doing so would help generate 140,000 new jobs, without cost to the taxpayer, CUNA said.