Elections Shook the CU Landscape on Capitol Hill
Credit unions lost one of their strongest congressional allies this year and will have to deal with more Republicans in both the House and Senate next year.
Rep. Paul Kanjorski (D-Pa.), who has championed many credit union causes, went down to defeat after a 26-year career. Kanjorski's defeat and that of scores of his fellow House Democrats caused partisan control of that chamber to shift after only four years of Democratic control.
Rep. Shelly Moore Capito (R-W.Va.), who has received support from CUNA and NAFCU in her past campaigns, will take over the subcommittee that oversees credit unions and other financial institutions.
The political action committees of both CUNA and NAFCU have contributed to the campaigns or leadership PACs of all the key members of the Financial Services Committee and of the Democratic and Republican leadership.