DES MOINES, Iowa (2/26/13)--
|At the Iowa Credit Union League's annual Legislative and Regulatory Conference were, from left: Justin Hupfer, league vice president government affairs; Joe Hearn, CEO of Dupaco Community CU, Dubuque; U.S. Rep. Bruce Braley (D-Iowa); and Jim Hagerman,CEO of Linn Area CU, Cedar Rapids.|
U.S. Rep. Bruce Braley (D-Iowa) kicked off the Iowa Credit Union League's annual Legislative and Regulatory Conference last week by speaking about the importance of member business lending (MBL).
"I believe the work you do matters," he told more than 100 Iowa credit union representatives convened in Des Moines Feb. 19-20 to learn more about the legislative issues affecting the credit union industry and to interact with their legislators.
"The people you serve are an important part of our state," Braley said, adding he believes in the value of MBL and thinks there should be enough room for all parties involved. "To me, there should be plenty of room at the table for lenders doing commercial and business lending," he said.
Credit unions, the leagues and the Credit Union National Association are urging Congress to help credit unions make even more business loans by raising their MBL cap to 27.5% of assets, up from 12.25%. Doing so would help boost the economy by generating $14.5 billion in new loans and 158,000 new jobs, says CUNA, all without costing the taxpayer a dime.
|Iowa State University Head Football Coach Paul Rhoads likened building blocks for a team to that of credit unions at Iowa Credit Union League's annual Legislative and Regulatory Conference last week. (Photos provided by the Iowa Credit Union League)|
Credit unions also got kudos at the Iowa conference on trust from Iowa State University Head Football Coach Paul Rhoads, said the league.
Rhoads spoke about the importance of building a team with mental toughness, willingness to continuously improve and that have a commitment to teamwork. "Credit unions have a similarity in the building blocks I use for my team. Smart decision makers. Be accountable. Trust." He explained that "You can't accomplish anything without people--especially in credit unions and the work they do for their members."
Also speaking to attendees were CUNA Chief Economist Bill Hampel, who provided the economic outlook for credit unions; Ed Wallace, deputy director of Workforce Development; and Amy Hudson, director of business development for CoOportunity Health.