CUNA's Nussle Responds to Sen. Cardin's Decision Not to Seek Re-election
May 1, 2023
QCash Financial CEO Seth Brickman
FOR IMMEDIATE RELEASE May 1, 2023 Washington, D.C.
Senator Ben Cardin announced Monday he will not run for re-election in 2024. Cardin—chair of the Senate Small Business Committee—has served in the Senate since 2007, and prior to that he served in the House representing Maryland’s 3rd Congressional District starting in 1987.
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“Sen. Cardin helped put credit unions in position to serve small businesses through the pandemic with the Paycheck Protection Program and has been a friend to credit unions throughout his impressive career,” said CUNA President/CEO Jim Nussle. “We congratulate Sen. Cardin on more than five decades of public service and wish him and his family the best.”
“We want to thank Sen. Cardin for his decades of dedicated public service and strong support of credit unions," said MD|DC Credit Union Association President/CEO John Bratsakis. "He has been a champion for our movement and members. During the pandemic, Sen. Cardin co-sponsored the bill creating the Paycheck Protection Program and ensured $10 billion in PPP funding was reserved for Community Development Financial Institutions. In 2018, Sen. Cardin entered a statement into the permanent Congressional Record recognizing the vital role credit unions play in Maryland and DC communities. We look forward to continuing to work with Sen. Cardin as he completes his term in the U.S. Senate.”
Cardin also supported legislation to extend the deadline to apply for Paycheck Protection Program loans and maintained the credit union tax status while chairing a working group on tax reform in the 114th Congress.
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About CUNA: 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.
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.
