CUNA marked Veterans Day this week with a communication sent to all 535 congressional offices highlighting the credit union commitment to serving military veterans and their families.
“For the men and women returning to civilian life after serving our country, America’s credit unions are committed to investing in their financial health,” wrote CUNA Chief Advocacy Officer Ryan Donovan. “Whether investing in veteran-owned small businesses or in veteran employees, we recognize that those who’ve served are some of the strongest members of our communities; as member-owned financial cooperatives, having strong members like our nation’s veterans makes our movement and our mission to serve and uplift that much sturdier.”
CUNA has supported bills to increase available capital for veteran-owned businesses by exempting loans to those businesses from the member business lending cap. A House version was introduced in April by Reps. Vicente Gonzalez (D-Texas), Tulsi Gabbard (D-Hawaii), Paul Cook (R-Calif.) and Don Young (R-Alaska).
A Senate version of the bill was introduced Tuesday by Sens. Dan Sullivan (R-Alaska) and Mazie Hirono (D-Hawaii) that would exempt credit union loans to veteran-owned businesses from the
CUNA News also highlighted veterans who now work at credit unions in an ongoing series that launched last week.