Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUs lose champion with LaTourette retirement
WASHINGTON (8/1/12)--Credit unions are losing a champion with Rep. Steve LaTourette's (R-Ohio) decision to retire from the House of Representatives once his current term expires, said Credit Union National Association (CUNA) Executive Vice President John Magill. LaTourette announced late Monday that he would not seek re-election  after nine terms in the House.

"Steve will long be remembered by credit unions for the bold role he took, as a second-term congressman, when he sponsored the 1998 Credit Union Membership Access Act (H.R. 1151), which preserved the right of consumers to join credit unions.

"His leadership was one of the keys to victory in that battle," Magill said.

LaTourette cited the lack of congressional compromise as one reason behind his decision to retire.

The congressman joined fellow credit union champion, former Rep. Paul Kanjorski (D-Pa.), as a lead sponsor of H.R. 1151.

More recently, LaTourette supported legislation that would have delayed the effective date of debit interchange fee cap regulations. Also over his tenure, he has supported the Credit Union Regulatory Improvements Act, credit union share insurance increase legislation and CUNA-backed data security legislation.

The legislator will officially notify state Republican officials of his decision to retire on Aug. 8, several news outlets reported. The timing will allow state authorities to appoint a candidate for this fall's election, avoiding a special primary.

The eventual Republican candidate will face Democrat Dale Blanchard this November. The winner of that election will represent Ohio's 14th congressional district, which is in the northeast corner of the state.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
11 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
13 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
16 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
16 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
18 hours ago