WASHINGTON (1/15/16)--A new caucus designed to promote the cooperative business model was unveiled this week by the National Cooperative Business Association (NCBA).
The Congressional Cooperative Business Caucus (CCBC) will promote the cooperative business model as a viable market solution and policy option to solve today’s public policy challenges, as well as educate and inform policymakers on cooperative issues.
The caucus will be chaired by Reps. Ed Royce (R-Calif.) and Mark Pocan (D-Wis.). Credit Union National Association President/CEO Jim Nussle praised the leadership in creating the CCBC.
“Credit unions share the principles and ideals that set cooperatives apart from other forms of business organizations. Like cooperatives in all sectors, we are trying to help stimulate the economy in the communities we serve and empower members,” Nussle wrote. “Credit unions do this by promoting thrift and providing access to credit for provident purposes. The success of the credit union model is well documented.
“We appreciate your leadership and look forward to working with you to raise awareness of credit unions and other cooperatives in Congress and throughout the United States,” he added.
During a press conference held this week, Royce and Pocan talked about the importance of helping Congress understand cooperatives and the importance of helping them.
“Our job is to make sure more of our colleagues know about cooperatives,” he said.
Pocan also noted that CUNA, several credit unions and other cooperatives are located within the district he represents.
Royce spoke about the importance of cooperatives both in their communities, but also internationally, and said that cooperatives are a robust method of commerce that stimulates the economy and empowers members.