The bitter and nasty race for Harry Reid's U.S. Senate seat in Nevada has been a credit union negative on one level: It knocked out all those product ads and positive messaging.
The Republicans will gain 55 seats in the House - recapturing the majority and bring down several key credit union supporters, according to an analysis released today by political scientist Larry Sabato.
Read the complete transcript of an interview between Sarah Snell Cooke, editor-in-chief of Credit Union Times, and CUNA CEO Bill Cheney discussing his first 100 days in the position with links to video.
CUNA President/CEO Bill Cheney came to head up the largest national credit union trade association during a period of great tumult.
LAS VEGAS -- The jury is out on whether Democratic Senate Majority Leader Harry Reid or contender Sharron Angle will win the Senate seat in November, but Las Vegas broadcasters are already winners.
The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.
After a last minute whirlwind of appeals to President Obama and Congress to consider legislation that would increase the member business lending cap, both CUNA and NAFCU are urging credit unions not to let up.
Two more letters went out yesterday from NAFCU to key lawmakers urging the inclusion of language that would increase the member business lending cap.
What if the opposition party gains control of parts of government?
NAFCU reminded credit unions they should contact both senators and U.S. House representatives over the congressional break to gather support for increasing the member business lending cap.