LAS VEGAS — If Colorado Senator Mark Udall’s amendment to raise the regulatory credit union business lending cap to 27.5% is successful, it will create 108,000 new jobs in the first year. CUNA President/CEO Bill Cheney offered this statistic to the One Credit Union Conference general session audience this morning, his first such address as the trade’s leader.

Cheney addressed talk that Udall won’t be permitted to offer the amendment to the Senate, saying he personally spoke to Senate Majority Leader Harry Reid (D-Nev.), and was told if credit unions can show bi-partisan, nationwide support, “it will be heard.”

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