Montana Sen. Jon Tester keynotes the Political Breakfast; Katherine Marisic debuts as political director.
CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.
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.
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'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.
Talk about bad timing for credit unions.
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%.
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 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.
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.