Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU-backed Bonamici wins in Oregon primary
WASHINGTON (7/14/11)—Suzanne Bonamici (D), a Beaverton, Ore.-based state senator and frequent credit union supporter, will face Republican candidate Rob Cornilles in a Jan. 31 special election to claim the U.S. House seat of former Rep. David Wu (D).

Wu resigned earlier this year.

The Credit Union Legislative Action Council (CULAC) and the Northwest Credit Union Association (NWCUA) both backed Bonamici during her primary campaign, which ended when she defeated her main opponent Brad Akavian. Bonamici held 65% of the total vote, with Akavian finishing with 22%, according to State-published, but unofficial poll results released on Wednesday. Cornilles, who sits on a regional Umpqua Bank board, won nearly 73% of total Republican primary votes on Tuesday.

Credit Union National Association (CUNA) Vice President of Political Affairs Trey Hawkins said CUNA and CULAC "are pleased to see that Suzanne Bonamici won her nomination, and look forward to supporting her in the general election. She has been a stalwart for credit unions in the Oregon legislature."

Bonamici is expected to win the fight for Oregon's first congressional district seat. The first district extends from the greater Portland area into Yamhill, Washington, and Columbia counties, as well as the coastal county of Clatsop. It is a largely Democratic district.

NWCUA President Troy Stang said "Oregon credit unions are proud to have been a part of the team that helped Bonamici win the primary election. We know she will be a champion for credit unions in Congress and look forward to supporting her efforts over the next couple of months to become the next Congressperson from the first district."

Hawkins added that CULAC will continue to aggressively support credit union friends in next fall's election. The presidency, congressional seats, and state and local positions are all at stake in 2012.

RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
1 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
2 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world.
5 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market
5 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
5 hours ago