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News Now

Washington
Knollenberg a new CURIA supporter
WASHINGTON (12/18/O7)—Rep. Joe Knollenberg (R-Mich.) is the latest federal legislator to declare support for the bill intended to improve credit union service to members, the Credit Union Regulatory Improvements Act (CURIA, H.R. 1537).
Click to view larger image U.S. Rep. Joe Knollenberg (R-Mich.), right, with the Michigan Credit Union League's Patick LaPine and during the 2006 CUNA GAC. (Photo provided by CUNA)
Knollenberg is a first-time supporter of CURIA this year and his backing brings the number of sponsors to 141. Knollenberg is also known to credit unions for his support of the credit union tax exemption. In a 2004 letter to the Michigan CU League expressing his strong support, the federal lawmaker said the presence of credit unions in a community provides needed financial opportunities to small businesses, families and workers. He noted that credit unions are unlike other financial institutions as not-for-profit financial cooperatives owned by their members and said “(c)learly, credit unions' tax-exempt status should not be repealed or altered." Use the resource link below for details of CURIA and a list of all co-sponsors.
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