Credit unions lose two strong Democratic supporters in Mid-Term elections.
Sen. Mark Udall loses in Colorado despite a $400,000 CUNA direct mail campaign.
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."
President Kennedy famously said after the Bay of Pigs debacle that “victory has a thousand fathers; defeat is an orphan.”