Sen. Mitt Romney, R-Utah, announced Wednesday he will not seek a second term in the U.S. Senate in 2024. Romney—the Republican presidential nominee in 2012—was elected to the Senate in 2018. He was previously governor of Massachusetts from 2003 to 2007.

“Sen. Romney has an impressive legacy of public service at the federal and state level, and we wish him and his family the best on their next endeavor,” said CUNA President/CEO Jim Nussle. “We thank him for his support—including co-sponsoring the Credit Union Board Modernization Act—and for recognizing the role credit unions play in the financial services marketplace.”

The Credit Union Board Modernization Act was introduced in March and would update board meeting requirements for federal credit unions.

“Sen. Romney has been as responsive to credit unions as a policymaker can be. He‘s personally taken every meeting we’ve ever requested, including yesterday in D.C. where he jumped on as a co-sponsor of the Credit Union Board Modernization Act,” said Scott Simpson, president/CEO of Utah’s Credit Unions. “Another substantial sign of his leadership is the team he built. The Romney staff has been excellent from day one. We look forward to working with them through the balance of his service.”

The Utah Credit Union Association and Utah credit unions met with Romney on multiple occasions, including this week in Washington, D.C., as part of their fall hill visits.

“Credit unions play an important role in supporting Utah's small businesses and our state’s continued economic growth,” Romney tweeted after the meeting.

Credit unions play an important role in supporting Utah's small businesses and our state’s continued economic growth. Spent time with leaders from @UtahsCUs for a discussion on supporting their work to provide key financial services to Utahns. pic.twitter.com/Po3bdH1icQ

— Senator Mitt Romney (@SenatorRomney) September 12, 2023