X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-Congressman Steven LaTourette (R-Ohio) has been a credit union member for more than 20 years and knows the value of their service. That is why he became one of the key sponsors of the Credit Union Regulatory Improvements Act in the 108th Congress. “CURIA removes many of the regulatory burdens that currently hold credit unions back from being as competitive and effective as they could be,” LaTourette stated. “Credit unions are the most heavily regulated of all insured financial institutions,” he added, “and I strongly believe this bill makes important changes that will, in the long run, benefit countless people in and around each credit union’s field of membership. I plan to lend my full support to CURIA and other regulatory relief efforts in the 109th Congress.” The Financial Services Regulatory Relief Act is another piece of relief legislation that credit unions have been strongly supporting; many of the provisions from CURIA come from the reg relief bill. LaTourette noted the credit union difference. “Credit unions provide many great banking and financial services options to millions of people in our country who share something in common,” he said. “Sometimes it’s employment by the same corporation, other times it’s living in a municipality. Whatever the case, since they are owned by their members, credit unions are not worried about the `bottom line,’ and instead can focus their resources and energies on providing the best and most competitive products and services to members.” Congressman LaTourette represents Ohio’s 14th district. He was elected to his sixth term in the House last November. LaTourette serves on the House Financial Services Committee and was named vice chairman to the Subcommittee on Financial Institutions and Consumer Credit, which oversees many credit union issues. He has shown his support for credit unions time and again, particularly when he authored the Credit Union Membership Access Act, which was signed into law in 1998 and many credit him with saving the credit union industry. The congressman has also showed great interest in environmental issues, specifically concerning the Great Lakes, and serves on the House Government Reform and Oversight Committee and the Ethics Committee. Before being elected to Congress, LaTourette served as the Lake County Prosecutor from 1987 to 1994. In 1990, he was named Prosecuting Attorney of the Year in Ohio for his successful prosecution of 13 members of a murderous religious cult. LaTourette is a graduate of the University of Michigan and Cleveland Marshall College of Law. He lives in Madison Village and has four children. -

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.