ST. LOUIS (8/17/12)--The Missouri Credit Union Association (MCUA) announced the endorsement of Ann Wagner, Republican candidate for the District 2 U.S. congressional seat, as a credit union champion.
MCUA represents 134 credit unions and 1.37 million consumers served by credit unions. In District 2, there are more than 200,869 credit union member-owners.
The Missouri Credit Union Association announced the endorsement of Ann Wagner (center), Republican candidate for the District 2 U.S. Congressional seat, as a credit union champion. (Photo provided by the Missouri Credit Union Association)
Wagner supports the credit union tax status, which allows credit unions to return profits to the people they serve. If elected, she has pledged to work directly with credit unions on credit union issues, said MCUA.
"As the daughter of small-business owners, I understand the need for entrepreneurs to have access to capital and that government should simply get out of the way of hard-working Americans who are trying to make a living and run a business," Wagner told the association.
She supports legislation that would raise the credit union small business lending cap and allow more loan opportunities for small business owners, MCUA said.
The Credit Union National Association (CUNA) and credit unions are urging Congress to increase credit unions' member business lending (MBL) cap to 27.5% of assets from 12.25%. Doing so would open up more opportunity to offer MBLs, inject $13 billion in business loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA said.
"I am grateful for the Missouri Credit Union Association naming me a credit union champion and pledge that I will continue to fight for our small businesses in Congress," Wagner said.
The purpose of endorsing candidates as credit union champions is to support and publicly recognize candidates who champion credit union issues and take action, even in the face of opposition, on behalf of credit union members, consumers who benefit from credit unions, and credit unions, MCUA said.
Wagner's "support and willingness to work with Missouri credit unions on issues of concern will help all consumers," said MCUA President/CEO Mike Beall.