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Michigan Credit Union League Home » Information Services » Publications » News Articles  

Mich. Mayors Send Message to Congress With MBL Resolution   (Misc News: June 13, 2012)

The mayors of four Michigan cities showed their support for credit union small business lending at the US Mayors Conference in Orlando, Fla.

At the conference, Mayor Paul Soglin of Madison, Wis., presented a resolution urging support for the Credit Union Small Business Jobs Bill (S. 2231) which is currently awaiting a vote in the U.S. Senate.

The resolution was first reviewed by the Metro Economies Standing Committee, and was then moved to the full conference for a vote, where it was accepted.

Four Michigan mayors attended the conference: George Heartwell of Grand Rapids, Bryan Barnett of Rochester Hills, Brenda Lawrence of Southfield and William Wild of Westland.

Richard Gose, CUNA’s senior vice president of political affairs, says the resolution sends a strong message to Congress about the importance of the legislation to local communities, which would raise the cap on credit union member business lending from 12.25% to 27.5% of assets.

The resolution lists the potential job-creating benefits of the legislation, and notes that the adjustment to the lending cap would come at no cost to taxpayers, and then concludes that “The United States Conference of Mayors supports efforts to strengthen small businesses and local economies and encourages the U.S. Senate to vote in favor of S.2231, the Credit Union Small Business Jobs Bill.”

CUNA urges credit unions to thank the mayors for their vote in favor of this resolution.

All four of the Michigan mayors who attended the conference can be reached on their Facebook pages:

Brenda Lawrence:
George Heartwell:
Bryan Barnett:
William Wild:

Click here to access MCUL's Grassroots Action center with more information on S.2231.

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