Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
5 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
7 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
7 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
8 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
8 hours ago