On-Site Coverage: Freshman Republican Stands By CU Tax Exemption
Francisco “Quico” Canseco, the freshman Republican representative from Texas' 23rd District told a group of Latino credit union executives that he supports credit unions' tax exemption.
“I strongly support credit unions and everything they do for this great country,” Canseco told attendees at the Network of Latino Credit Unions and Professionals networking lunch and awards ceremony “I can't see any reason to change the credit union tax exemption,” he added to strong applause.
The Network held its luncheon at the National Press Club in Washington DC in conjunction with the CUNA Governmental Affairs Conference.
Attendees also heard from Tawana James, Director of NCUA's newly formed Office of Women and Minority Initiatives. James joked that she was the entire new office as it had only been open a month, but she said that the Office had slots for five full time employees.
James urged the network to get involved in helping the agency find Latinos and members of other minorities to apply for open jobs and, she hoped, further diversify the agency's workforce.
“As I walk the halls at NCUA I don't see very many people who look like me or who look like Latinos,” she told the group. “I am working on some different approaches to how we might be able to change that.”
NCUA's creation of the office had been mandated by the recent financial reform legislation, James said, adding that the office had been given the charge of working to make NCUA more diverse as well well as examining the agency's contracting practices with an eye toward diversity and looking at how well credit unions have diversified their workforces.