FOR IMMEDIATE RELEASE
January 5, 2023
Sen. Debbie Stabenow, D-Mich., announced Thursday she will not seek re-election in 2024. Stabenow—who has served in the Senate since 2001—has been a strong supporter of the credit union tax status and other credit union priorities.
“Sen. Stabenow stood by credit unions through many issues during her time in the Senate, including repeatedly expressing strong support for the credit union tax status and sharing our concerns over NCUA’s original risk-based capital rule,” said CUNA President/CEO Jim Nussle. “We thank her for her willingness to work with credit unions, and wish her the best going forward.”
Stabenow re-affirmed her commitment to preserving the credit union tax status through tax reform discussions over the previous decade, saying it “ensures that community-based institutions can continue to provide quality financial services to their members,” and noting that she herself is a credit union member.
She also credited credit union advocates for their strong engagement with policymakers and urged them to continue their advocacy efforts on behalf of members.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 130 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.