SAN ANTONIO — Rep. Henry Cuellar (D-Texas) is doing his part to ensure that credit unions are serving the underserved.
The legislator recently introduced language in H.R. 5576 to allocate $150,000 in federal appropriations for the $1.5 million credit union. Chartered in 1966, Mount Zion CU serves more than 350 members. The funding would be used to expand operations by opening a facility for the exclusive use by the credit union and to hire a full-time manager.
"I strongly believe that economic development begins at the local level," Cuellar said. "By helping local institutions, we create the building blocks for future development and success. "My goal is to ensure that grassroots leaders can compete on an equal footing for federal dollars, receive greater private support, and face fewer bureaucratic barriers."
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