WASHINGTON (3/11/15)--When Sen. Gary Peters (D-Mich.), then serving as a U.S. representative from Michigan, announced his intention run for the Senate seat to be vacated by Carl Levin, he received his first endorsement from the Michigan Credit Union League (MCUL)--16 months before the 2014 general election--because of his long track record of credit union support.
|Sen. Gary Peters (D-Mich.) promises the CUNA Governmental Affairs Conference audience "you can count on my support on this day and every day forward." (CUNA Photo)|
"Our trustees and board thought he was the best person to represent Michigan, represent our country and represent credit unions," MCUL President/CEO Dave Adams said in introducing Peters at the CUNA Governmental Affairs Conference Tuesday.
Peters described himself as a "staunch defender" of the credit union tax status because of credit union support in and for their communities.
"You can count on my support on this day and every day forward," Peters said, praising credit unions. He cited credit unions' long tradition of providing affordable auto loans to those who most need them and can often least afford them.
"Credit unions are fueling this economic recovery," Peters said, adding that is why those in Congress need to be "with you each and every day."
Another source of growth in communities are small businesses, Peters said. "Small entrepreneurs can't get a start if they can't get access to money. They need loans," he said. "You are willing to step up and help those folks and in the process build a stronger community."
Peters said he would seek to relieve the regulatory burden that threatens the level of service credit unions are capable of providing. "Members of Congress get pulled in so many ways," Peters said. "We have so many different issues, which is why your visits to Capitol Hill are so important this week. Your legislators need to hear directly from you."