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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