Georgia Credit Union Affiliates (GCUA) joined with their counterpart state banking trade organizations to call on Georgia members of Congress to support the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act. The bipartisan bill is strongly supported by CUNA, and it passed the Senate in March.
“S. 2155 is a carefully crafted bipartisan bill that includes commonsense improvements to the nation’s financial rules that will allow community banks and credit unions to better serve their customers (members) and communities,” the letter reads. “It will open doors for more creditworthy borrowers and businesses, and will contribute to local economic growth and job creation not just in Georgia but nationwide.”
The letter also noted the bill’s carefully crafted, bipartisan provisions, and the importance of regulatory relief for credit unions and other community financial institutions. GCUA President/CEO Mike Mercer signed the letter, as well as his counterparts at the Georgia Bankers Association and Community Bankers Association of Georgia.
CUNA is continuing its aggressive grassroots support of the bill, and is urging credit unions to contact their members of Congress using CUNA’s Campaign for Common-Sense Regulation website, or to activate members via CUNA’s Member Activation Program.
Specifically, S. 2155 would: