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News Now

CU System
Senate candidate in Ohio MBL is a no-brainer
COLUMBUS, Ohio (10/1/10)--Lee Fisher, Ohio Lt. Gov. and U.S. Senate candidate, thanked the state’s credit unions for their support, for “doing what [they] do,” and pledged to support credit unions’ increased lending to small businesses, during a meeting with credit union leaders, hosted by the Ohio Credit Union League.
Ohio credit union leaders met with Lt. Gov. and U.S. Senate candidate Lee Fisher (center), who hopes to champion credit unions if elected to the upper chamber. (Photo provided by the Ohio Credit Union League)
Fisher said he is committed to not only support credit unions if elected to the Senate, but also to be a champion of credit union causes. As a champion, he told the league, he will work to get others to support credit union issues (eLumination Newsletter Sept. 22). Fisher told the league he remains convinced that the basis of the economic recovery lies in helping small businesses, and that increased member business lending (MBL) authority for credit unions is a “no-brainer” and overdue. Raising the MBL cap to 27% from 12.25% would be a “good start,” but Fisher said he would like to see the cap removed entirely. As a former employee of a not-for-profit organization, Fisher said he understands the importance of credit unions’ tax exemption, and said that it was deserved and should be maintained.


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