WASHINGTON (2/28/13)--The U.S. Congress could learn much from credit unions, House Majority Leader Eric Cantor (R-Va.) suggested in a Wednesday speech at the Credit Union National Association's 2013 Governmental Affairs Conference.
House Majority Leader Eric Cantor (R-Va.) told a Wednesday GAC audience that the regulatory burdens imposed on credit unions and other financial institutions over the past 15 years must be addressed. (CUNA photo)
"I know our credit unions at home are focused on community, I know that you are focused on helping your members and giving back to community…I think that the advice I would seek from you--is how to best apply that here in Washington," he said.
Americans want the U.S. Congress to seek common ground, the same common ground that credit unions find in their communities, Cantor noted. Too many people are affected by "a stagnant economy," and those are the people that credit unions hear from, and serve, he added.
Cantor noted credit unions are here in Washington at CUNA's GAC at a very critical time in the nation's history, as Congress is dealing with controversial issues such as deficit reduction and tax codes reform.
More than 4,200 credit union representatives were registered for CUNA's GAC and many will have flooded Capitol Hill to discuss credit union issues before they leave CUNA's four-day meeting this week.
In closing, Cantor said he wants to try and make sure credit unions can work with legislators "as partners in the mission of making life work again" for credit union members and for the people of this country.
"That's how we can grow together; that's how we can begin to see a brighter future," he said.