PSECU to do More Political Advocacy

HARRISBURG, Pa. – The $2 billion-plus Pennsylvania State Employees Credit Union plans to get more active on the political front. It has hired a new public relations manager, Nate Muniz, to help ramp up the CU’s political advocacy efforts. Muniz has already met with lawmakers in Washington armed with facts and figures to combat some of the claims being made by banking groups. “Because of our size, PSECU has the ability to supplement the efforts of national and state credit union associations to counter the bankers’ charges. We want to make legislators aware of the differences between credit unions and banks. The most significant of these, of course, is that credit unions are not-for-profit. Earnings are returned to members and not paid out to stockholders,” he said. “Credit unions fulfill President Bush’s vision of an ownership society. Credit unions are owned solely by members, who consequently have a direct say in how their money is used,” said Muniz. “We intend to remind legislators that the President has supported credit unions in the past, and he continues to do so today.” PSECU joins a growing number of large CUs who have professionals on staff focused on political advocacy.