Indiana Gov. Mike Pence, Republican vice presidential candidate, is a familiar face to credit unions in his state, and has enjoyed a positive relationship with credit unions dating back to his earlier days as a legislator. Pence has been governor of Indiana since 2013, and served in Congress from 2001 to 2013.
“We congratulate Governor Pence on his nomination,” said Indiana League President John McKenzie. “He has had a strong relationship with Indiana’s credit unions during his six terms in Congress and in the Governor’s office.”
While in Congress and in the governor’s office, Pence met with credit union groups many times, both in Indiana and in Washington, D.C. He has also spoken at several events sponsored by the league, including its annual convention in 2013 and its Legislative Affairs Forum numerous times, as recently as 2015.
As governor, he signed a prize-linked savings bill into law, resulting in the Save to Win product becoming available to Hoosiers. Credit union members in Indiana have already saved more than $1.6 million through Save to Win, which launched in April.
Earlier this summer, Pence appointed the first-ever representative from a credit union to the Indiana Board for Depositories. Among other responsibilities, the board is tasked with approving financial institutions to be public funds depositories, collecting and monitoring information related to the level of public funds on deposit in the state as well as monitoring the financial strength of approved financial institutions.
The league and Indiana credit unions have hosted campaign events in support of his election.
CUNA has had conversations in recent weeks with the campaigns of both Donald Trump and Hillary Clinton. Clinton spoke last month of the need to increase access to capital by reducing regulatory burden on credit unions and community banks.
CUNA’s “Strong Credit Unions. Strong Middle Class.” grassroots campaign, which focuses on educating all presidential candidates on the importance of credit unions and the benefits they provide to middle and lower-income individuals, is still going strong.
Credit union stakeholders can continue to take action at MiddleClass2016.com by letting the candidates know about the economic issues that matter to middle class credit union members.