U.S. Reps. Steve Stivers (R-Ohio) and Steve Chabot (R-Ohio) paid visits to credit unions this month to reiterate their support for increasing the member business lending cap.
Chabot visited the $299 million Sharefax Credit Union in Mason, Ohio, which is located in the newly drawn 1st Congressional District, according to the Ohio Credit Union League. Chabot is a cosponsor of the Small Business Lending Enhancement Act (S. 2231/H.R. 1418).
Sharefax President/CEO Art Kremer, along with 15 Ohio credit union leaders, met with Chabot to discuss regulatory burden, small businesses, the federal budget, the upcoming elections, gridlock in Congress, and the potential for moving much-needed credit union legislation before the end of the year, the league said.
Chabot said that any legislation would likely be taken up in a lame duck session after the election.
The $346 million Homeland Credit Union in Chillicothe, Ohio welcomed Stivers, who talked about his support for credit unions' MBL legislation and expressed appreciation for what credit unions do for their members, the league said.
Stivers said he has received pushback from credit union opponents over MBL legislation, but added his support is about doing the right thing for businesses, according to the league.