ASI-approved H.R. 3584, which would allow privately-insured credit unions to join a FHLB, passes House committee markup.
Sen. Mark Udall (D-Colo.), primary sponsor of S.2231, which would increase the member business lending cap to 27.5% of assets, received loud cheers as he spoke in favor of the legislation to about 500 gathered in Washington Nov. 27 to hike the hill in favor of the bill.
The Tuesday night reception drew lawmakers, credit unions and business owners and kicked off CUNA’s latest Hike the Hill.
Hope held out for packaging Transactional Account Guarantee extension with member business lending cap hike.
U.S. Reps. Steve Stivers (R-Ohio) and Steve Chabot (R-Ohio) paid visits to credit unions this month to reiterate their support for raising the MBL cap.
A bill that would allow privately insured credit unions access to the Federal Home Loan Bank system has been introduced in the House.
The House Financial Services Committee is shrinking.
CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.