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Two CU Groups Taking Different Views on Stabilization Fund Vote

CUNA and its affiliates are urging members to write lawmakers to support creating a stabilization fund for corporate credit unions, but a grassroots group led by Callahan & Associates is urging lawmakers to hold hearings first.

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As the Senate is preparing to vote today on a measure to create a stabilization fund for corporate credit unions, CUNA and its affiliates are urging members to write lawmakers to support it but a grassroots group led by Callahan & Associates is urging lawmakers to hold hearings first.

CUNA’s Action Alert urges members to contact senators and stress the importance of the measure to helping credit unions spread out the cost of stabilizing corporate credit unions and allowing them to have enough capital to continue lending.

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