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Michigan Credit Union League Home » Information Services » Publications » Contact » 2008 » 3rd Quarter  

Click here to download a full PDF of the third quarter Contact magazine.

The Importance of Credit Union Friendly Federal Lawmakers

Since the 2006 elections, Michigan credit unions have continued their excellent track record of building and maintaining strong relationships with lawmakers. Through record-setting PAC fundraising and unified lobbying efforts, credit unions have ramped up their legislative grassroots involvement while searching for new ways to help the state during a foreclosure crisis and period of economic downturn.

At the state level, the MCUL worked with member credit unions to defend their tax exemption in the midst of a depleted state budget and supported key pieces of legislation to benefit the industry, as well as carved out exemptions in legislation that might have otherwise been harmful to credit unions. At the federal level, regulatory relief for credit unions nationwide remains a hot issue, and credit unions have sent a clear message to Michigan’s congressional delegation of its importance. Now, in Michigan, with the 2008 elections around the corner, credit unions are poised to provide support to lawmakers who have backed credit union issues and cultivate new bonds with fresh faces in the Legislature.

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