Veridian CU Board Member Bob Kressig Seeks Re-Election, Assures Most Iowa Legislators Don't See CUs as a Threat

DES MOINES, Iowa — The fervor surrounding banking groups’ campaigns to go after the tax-exemption of mostly larger credit unions doesn’t mean anything if they can’t sway the majority, said Bob Kressig (D-Cedar Falls).

Kressig, a director and former chairman at $1.1 billion Veridian Credit Union, is seeking his second term in House District 19 against Republican Matt Reisetter, a 31-year old newcomer. Kressig’s voting record centers mostly on playing a significant part in increasing funding for Iowa’s post-secondary schools, increasing the personal expense allotment for Medicare recipients and continuing to push for bringing more jobs to rural parts of the state, which have seen new, “good paying” jobs as a result of a transition from traditional manufacturing to bio fuel.