Brad Sherman

• Trades Continue to Gear Up for Election

  May 31, 2011

  CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.

• CUNA and NAFCU PACs Make Pre-Election Reports

  By Claude R. Marx  |  October 22, 2010

  CUNA's PAC had $270,933 in its coffers as of last week and NAFCU's PAC had $215,631, according to reports they filed this week with the Federal Election Commission.

• Credit Unions May Face a Taxing Dilemma

  By Claude R. Marx  |  October 20, 2010

  As the nation's budget deficit continues to grow, the government may be looking for new sources of revenue. Therefore, formerly sacred cows such as credit unions' tax-exempt status may go the way of VCRs and rotary phones.

• NAFCU Congressional Caucus Kicks Off With Pat Buchanan Monday

  By Sarah Snell Cooke  |  September 17, 2010

  NAFCU's Congressional Caucus gets underway Monday with keynote speaker conservative commentator and former presidential candidate Pat Buchanan. The conference runs through Sept. 22 at the Grand Hyatt in Washington, D.C.

• Bernanke Turns MBL Hike Scrooge

  By Claude R. Marx  |  March 3, 2010

  Talk about bad timing for credit unions.

• Mica Lobbies Administration on MBL Cap

  By Claude R. Marx  |  March 1, 2010

  CUNA President/CEO Dan Mica met with Treasury Secretary Timothy Geithner to urge the administration support legislation that would raise the cap from 12.25% of assets to 25%.

• Bernanke Throws Cold Water on MBL Hike

  By Claude R. Marx  |  February 24, 2010

  Federal Reserve Chairman Ben Bernanke said today that because credit unions are tax exempt, they need to accept certain restrictions on their activities, including a limit on how much member business lending they can do.

• After Long Wait, Congress May Take Action to Raise MBL Cap

  By Claude R. Marx  |  January 13, 2010

  After a 12-year wait-not quite the 102 years that Chicago Cubs fans have endured but a frustrating time nonetheless-credit unions could get additional power to make business loans.

• Sherman Urges Lifting of MBL Cap

  By Claude R. Marx  |  January 5, 2010

  Rep. Brad Sherman, a member of the House Financial Services Committee, urged his colleague who is writing the jobs creation bill to include in it an increase in the cap on member business lending.