Massachusetts credit union leaders welcome the state's newest congressional representative during a Monday visit to RTN FCU, Waltham. James Regan, president/CEO, Digital FCU, Marlborough, left; Richard Wright, CEO/treasurer, RTN FCU; U.S. Rep. Katherine Clark (D-Melrose); Edward Lopes, CEO, Liberty Bay CU, Braintree; David Sprague, president/CEO, Hanscom FCU, Hanscom Air Force Base; and Doug Petersen, president/CEO, Workers' CU, Fitchburg. (Massachusetts Credit Union League photo)
ALTHAM, Mass. (7/2/14)--U.S. Rep. Katherine Clark (D-Melrose), the newest member of the Massachusetts congressional delegation, told a gathering of credit unions leaders Monday that she understands the credit union difference and is looking forward to working with them during her time in Congress.
Clark, who serves on the House Committee on Natural Resources, was elected in December in a special election to fill the seat previously held by now U.S. Sen. Ed Markey (D).
At the RTN FCU headquarters in Waltham, Mass., Clark met with officials from some of the 25 credit unions located in her district (Daily CU Scan July 1).
Clark's experience at the state House and Senate included corporate income tax exemption, mandatory financial education in high schools and promoting state- and federally chartered credit unions as depositories for public funds.
She shared her belief that credit unions should not be lumped in with other financial service providers and praised them for their commitment to lending during the financial crisis.
Credit unions in attendance thanked Clark for signing on to the recent congressional letter to the National Credit Union Administration regarding its risk-based capital proposal.