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Wisconsin CUs get kudos from state lawmakers
PEWAUKEE, Wis. (2/2/09)--Lawmakers speaking at the Wisconsin Credit Union League's 2009 State Government Affairs Conference recently shared their appreciation for credit unions and their hard work, according to the Wisconsin Credit Union League in its new online newsletter, The League News (Jan. 30).
Wisconsin Rep. Jason Fields (D-Milwaukee), chair of the state Assembly Financial Institutions Committee, speaks at the Wisconsin Credit Union League's 2009 State Governmental Affairs Conference. (Photo provided by the Wisconsin Credit Union League)
Rep. Tom Nelson (D-Kaukana), Assembly majority leader, talked about contacting a credit union for loan information when his car broke down on a trip to Madison. He noted that relationships credit unions make with lawmakers truly hold public officials accountable, the league reported. "I have been, and continue to be, a supporter (of credit unions) because Al Zierler (Capital CU) and Rick Sense (Community First CU) wouldn't have it any other way," Nelson said. Sen. Dave Hansen (D-Green Bay) cited his longstanding credit union membership and applauded Pioneer CU, Green Bay, for its signage proclaiming, "No bailout here." Credit unions do a great job taking care of people's money and returning it to members when possible, he said. He also praised credit unions for sponsoring youth-run branches inside Wisconsin schools to teach saving and responsible use of financial products. Homebuyers who use credit unions are lucky for avoiding the rash of bad lending practices seen in the nation, Hansen added. He also thanked credit unions for working for those on Main Street, not Wall Street, and said, "You're not too large or too small to fail, you're too smart to fail." Rep. Jason Fields (D-Milwaukee), chair of the Assembly Financial Institutions Committee, talked about his experience as a former branch manager of Guardian CU, was well as in banking and insurance. He emphasized the need to avoid overregulation and mandates that make it more difficult for credit unions to do the many good things they're already doing to prevent foreclosures and more. Fields urged credit unions to be part of the dialogue and solution regarding payday lending, and noted that, as an identity theft victim, he appreciates credit unions' urgency for action on data security legislation. Two other speakers, Senate Minority Leader Scott Fitzgerald (R-Juneau) and Assembly Minority Leader Jeff Fitzgerald (R-Horicon), discussed bipartisan legislation and the upcoming legislation session and the budget process.


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