Sen. Mark Udall (D-Colo.), a key supporter of raising the MBL cap, lost his re-election bid.

Although some races were extremely close, it appears that Republicans won enough elections Tuesday to control a slim majority in the Senate, 52 out of 100 seats. With the Republican gains, credit unions lost two strong Democratic supporters in the Senate.

Republican Rep. Cory Gardner defeated Sen. Mark Udall in Colorado. Both CUNA and NAFCU supported Udall and praised his dedication to lifting the member business lending cap. Udall had sponsored the MBL bill in the Senate.

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