Rep. Jackie Speier (D-Calif.) announced Tuesday she will not seek re-election in 2022. Speier has represented California’s 14th Congressional District since 2009.
“Congratulations to Congresswoman Speier for her long and distinguished public service career that includes support for many credit union priorities,” said CUNA President/CEO Jim Nussle. “Rep. Speier has been a credit union champion her entire career, all the way up to calling for member business lending flexibility to get more capital to small businesses during the pandemic.”
Throughout Speier’s career, she has worked with the CUNA and the California Credit Union League to support credit unions in their mission to promote financial well-being for all.
Speier championed many legislative efforts for credit unions, especially on the data security and armed services front during her tenure in Congress.
“The California Credit Union League would like to express our appreciation for the years of service and collaboration we’ve enjoyed with Rep. Speier. The League has worked with Rep. Speier since her days in the California Legislature, working hand-in-hand on such issue as her landmark privacy law,” said California Credit Union League President/CEO Diana Dykstra. “The California Credit Union League values the open door, frank dialogue, and great friendship Jackie Speier has provided. She is a model Representative and a close ally in our efforts to advance financial well-being for all.”
Speier was part of a bipartisan group calling on Congressional leaders to raise the existing member business lending cap.
She supported CUNA, League, and credit union efforts to resist expanding the arrangement between credit unions and the Department of Defense to include for-profit banks. Rep. Speier’s support for the credit union difference has helped this resistance succeed for the past several years.
She also co-sponsored the Secure and Fair Enforcement (SAFE) Banking Act to protect credit unions serving legal cannabis-based businesses, as well as the ADA Education and Reform Act to provide clarity on Americans with Disabilities Act litigation.
As part of the pending 2022 National Defense Authorization Act, Speier also worked with the League to defend military servicemembers from data breaches by requiring the Department of Defense to report to Congress on the impact of payment card breaches on military service personnel.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
