CUNA-backed congressional candidate Pete Aguilar (D-Calif.), mayor of Redlands, Calif., told CU Times the increased capital requirements in the NCUA's risk-based capital proposal could have a negative impact on the credit union system.
Aguilar, a former Arrowhead Central Credit Union executive, is projected to advance to the general election after taking second place in the CA-31 primary election behind Republican Paul Chabot.
Rep. Gary Miller (R-Calif.), who currently holds the seat, announced his retirement earlier this year.
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