WASHINGTON — When Rep. Barney Frank (D-Mass.) retires after this current Congressional session, credit unions will gain "the best friend they've ever had" in the House.

That's because Rep. Maxine Waters (D-Calif.) will take over as the ranking Democrat on the House Financial Services Committee, and the congresswoman pledged her support to credit unions during GAC's general session audience on Tuesday.

Waters praised Manhattan Beach, Calif.-based Kinecta Federal Credit Union, which has several branches in her district, including many locations co-branded with Nix Check Cashing, which the $3.2 billion Kinecta purchased in 2007.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.