Credit unions didn't win them all in Tuesday's state primaries, but the industry did score some major wins in California and New Mexico, according to CUNA and the California and Nevada Credit Union League.

“Between the state and federal races, we had a 98% success rate on campaigns we were in involved in, including some pretty high-profile races,” said Bob Arnould, senior vice president of governmental affairs at the California and Nevada Credit Union Leagues. “We pretty much cleaned up last night.”

Supplemental capital bill author Rep. Brad Sherman (D-Calif.) defeated fellow congressman and challenger Rep. Howard Berman (D-Calif.) by 10 points in the redrawn 30th district. Although both will advance to the general election in November, Sherman's primary victory gives him momentum, Arnould said.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.