Status quo election results that retain Democratic control ofthe White House and Senate and Republican control of the House meancredit unions are unlikely to see much regulatory relief in theform of a full or partial repeal of the Dodd-Frank Act.

However, credit unions may have a regulatory relief ally inSenator-elect Elizabeth Warren.

The Massachusetts Democrat defeated Republican Sen. ScottBrown.

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In her victory speech Tuesday night, Warren thanked a list ofcampaign supporters that included credit unions.

“Credit unions … yes … love my credit unions,” Warren said.

After naming a couple additional supportive groups, Warren said,“All of you have my back and I promise you, I'll have yourback.”

Dan Egan, president of the Massachusetts Credit Union League,said Warren was “extremely gracious” in mentioning credit unionsupport, and said the league is looking forward to the opportunityto work with her.

The MCUL endorsed Warren, drawing criticism from some in the industry thanks to her associationwith the Consumer Financial Protection Bureau.

“Elizabeth Warren brings a unique understanding of credit unionsand their value to her new position as a United States senator,”Egan said. “Her insight into the way that the financialindustry works, especially for working families is unparalleled andbecause of that insight she knows what an important resource creditunions are for the people of this nation.”

NAFCU Director of Political Affairs Katie Marisic said the factthat Warren mentioned credit unions in her speech sounds like “sheis already willing to have open lines of communication with us, andthat can only be beneficial.”

Although Warren's history as a champion of the CFPB earned herdisdain from credit unions overwhelmed by regulatory burden,Marisic said Warren has proven to be very intelligent andknowledgeable about financial services issues.

“We will work to make sure we have a relationship with heroffice and our members will, too,” Marisic said.