Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Rep. Holt, CU tax-status supporter, to retire this year
WASHINGTON (2/19/14)--Credit union tax-status supporter Rep. Rush Holt (D-N.J.) will not run for reelection this year.

The congressman, who has held his seat since 1999, said he made his decision to retire from the U.S. House for both personal and professional reasons. The legislator entered his name in a Senate special election primary last year. That Senate seat was eventually won by fellow Democrat Cory Booker (D-N.J.).

Holt last year spoke in favor of the continuation of the federal tax exemption for the nation's credit unions.

"He always has and will continue to support the credit union tax exemption because credit unions provide needed and valued services in our local communities," his staff said in a response to a New Jersey Credit Union League survey.


RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
1 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
2 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
4 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
7 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
7 hours ago