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News Now

Washington
Ala. primary candidates get CUNA league backing
WASHINGTON (5/13/08)--The Credit Union National Association and the Alabama CU League have backed state Rep. Jay Love in his race for a U.S. House seat vacated by retiring Rep. Terry Everett (R-Ala.). The groups also endorsed Wayne Packer, who is running for the seat held by Rep. Robert "BUd" Cramer, a Democrat who also announced his retirement. Each candidate received $5,000 from CUNA’s Credit Union Legislative Action Council. (CULAC), the maximum contribution allowed under federal law. Among Love’s opponents is state Sen. Harri Anne Smith, a community banker. “Rep. Love has shown tremendous knowledge of how credit unions operate, and how they serve their members, as well as the challenges they face. We are eager to work with him for years to come as a member of the United States Congress,” said President/CEO Gary Wolter, of the Alabama league in a release Monday. “For credit unions, the choice could not be more clear.” Of Parker, Wolter said, “Wayne has gone to great lengths to learn more about credit unions and their issues, and to meet with representatives from the league and individual credit unions in the district. “He has been very supportive about addressing the needs of credit unions as we work to serve our members and communities and meet their growing needs.” League board Chairman Steve Swofford said, “Developments in Congress related to CURRA (Credit Union Regulatory Relief Act) and CURIA (Credit Union Regulatory Improvements Act) prove that the credit union movement must step up its political emphasis, and just increasing campaign contributions isn't enough. “With this action, the Alabama Credit Union League states that we plan on becoming more involved in the campaigns of candidates not just favorable to credit unions, but willing to make our issues a priority.”


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