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News Now

Washington
Inside Washington (09/27/2012)
  • WASHINGTON (9/28/12)--Nine Minnesota credit union representatives were in Washington,
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    D.C., Sept. 19-21 for the Minnesota Credit Union Network's annual Hike the Hill event. During meetings with the state's congressional delegation, the group focused on the pending member business lending (MBL) vote in Congress. They urged legislators to support the Small Business Lending Enhancement Act. Credit unions and the Credit Union National Association (CUNA) are urging Congress to increase the MBL cap to 27.5% of assets from 12.25%. Doing this would help the economy by injecting $13 billion for new small-business loans and would help generate 140,000 new jobs the first year. Doing so would not cost taxpayers, CUNA said. The Minnesota group also discussed the necessity of passing legislation eliminating the need for physical fee disclosures on ATMs, and the difficulty in conducting credit union operations in today's stringent regulatory environment. Attendees also visited National Credit Union Administration headquarters to meet with Chairman Deborah Matz and board member Michael Fryzel, pictured at the center of the photo. (Photo provided by the Minnesota Credit Union Network) …


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