DES MOINES, Iowa — Rep. Bob Kressig (D-Cedar Falls) and a board member at Veridian Credit Union has been appointed chairman of Iowa's Financial Services Subcommittee, which considers all legislation regarding the state's credit unions and banks.
The subcommittee is part of the state's House Commerce Committee. A former chairman of $1.4 billion Veridian CU for three years, Kressig continues to serve on its board. He has served in the Iowa House of Representatives since 2004.
"Iowa credit unions and banks play an important role in every community across Iowa. If we are going to create good paying jobs in Iowa, it is essential that we have strong financial institutions for businesses and families," Kressig said.
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House Speaker Pat Murphy of Dubuque made the appointment and is confident Kressig is the best man for the job.
"As the former chair of Veridian Credit Union, Rep. Kressig understands the critical role Iowa's financial institutions have in our economy," Murphy said. "I know he will serve Iowans well as chair of the House Financial Services Subcommittee."
Kressig will also serve as vice chair of both Iowa's House Commerce Committee and the Local Government Committee. He was also appointed to Environmental Protection, Public Safety and the Economic Development Appropriations Subcommittee
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