Credit Unions Urged to Ask Congressmen for MBL Support (Monitor: March 15, 2010)
The Promoting Lending for America’s Small Business Act, which would raise the credit union business lending cap to 25 percent of assets, has gained a good deal of momentum in the U.S. House during recent weeks. Several members of Michigan's congressional delegation expressed their support for the bill at the recent CUNA Governmental Affairs Conference, including U.S. Reps. Carolyn Cheeks Kilpatrick, D-Detroit, Vern Ehlers, R-Grand Rapids, Candice Miller, R-Harrison Twp., Gary Peters, D-Bloomfield Hills, and Bart Stupak, D-Menominee.
Credit unions in the districts of the Michigan congressmen who have yet to sign on to the bill as a co-sponsor are urged to contact these representatives via the CapWiz tool. The congressmen include Dave Camp, R-Midland, John Conyers, D-Detroit, John Dingell, D-Dearborn, Sander Levin, D-Royal Oak, Thaddeus McCotter, R-Livonia, and Mike Rogers, R-Brighton. The CapWiz online letter program allows users to easily create and personalize a letter to their congressman on this issue. Questions on CapWiz can be directed to MCUL Political Affairs Coordinator Jami Meyer at Jami.Meyer@mcul.org or ext. 353. Credit unions not wishing to use CapWiz, but still plan to write a letter, should e-mail a copy to Meyer in order to track the number of total contacts; these letters can also be faxed to 517-482-3762.