Hoyer: CUs Have an 'Awesome Constituency'

You make a real difference to 90 million Americans.

March 20, 2012

"Credit unions have never needed a bailout. You weren’t the problem," Rep. Steny Hoyer, D.-Md., told a cheering crowd at Monday afternoon’s General Session.

"Credit unions perform an extraordinarily important function for the people I represent," said Hoyer, the House Minority Whip. "The services you provide make a real difference to 90 million Americans—what an awesome constituency."

Hoyer called on credit unions to continue to help legislators meet some important challenges: restore the American dream for consumers, restore the nation’s fiscal health, and grow jobs.

"What we’ve done fiscally is immoral," he said, referring to the debt that future generations will carry. No one will ever believe that we came this close to defaulting last year, he added. Both parties must come together to find big, bold, deficit solutions.

The economy is showing positive signs. Nearly four million jobs have been created in the past 24 months, he said. And President Obama continues to pursue an ambitious agenda to restore the American dream and invest in the manufacturing sector, which is a ticket to the middle class for so many.

Hoyer says the Make It in America plan will aid manufacturers and create well-paying jobs for workers.

"You’ve proven you can make dreams possible for your members and their children," Hoyer said. "Let’s keep working together."