WASHINGTON — If more people adopted the credit unionphilosophy to other aspects of life the country would be a muchbetter place, Rep. Tim Scott (R-S.C.) told attendees atNAFCU's Congressional Caucus on Wednesday.
|“The idea that every member owns the credit union is a greatthing. When you own it, you've got skin in the game,'' said Scott,a former volunteer at the $345 million Heritage Trust FCU inCharleston, S.C.
|“America would be a better place if everyone were more engagedand realize 'this is my country,''' he added.
|Scott, a freshman and one of only two black Republicans in theHouse, said he supported giving credit unions the right to make more business loans because “you've done a great job ofanalyzing your loan applications which is why you have a lowerdelinquency rate than banks.
|He praised his credit union for taking a chance on him when itgave him a student loan.
|“My credit union taught me that I had to pay the money back, itwas a loan, not a grant,' 'he quipped.
|He also said he was frustrated by the lack of comity betweenDemocrats and Republicans in Washington “We should disagree withoutbeing disagreeable,'' he said.
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