Credit unions continue efforts to pass
business lending bill
Credit unions are continuing their advocacy with Wisconsin's U.S.
Senators Herb Kohl and Ron Johnson, sharing local stories that
underscore the need for small business access to credit. Their effort,
aimed at passing the federal Credit Union Small Business
Jobs Bill, would increase the arbitrary cap on credit unions' member
business lending. The measure wouldextend $408
million of new credit to Wisconsin businesses and 4,437 jobs in the
first year alone at no cost to taxpayers.
Wisconsin credit unions' latest efforts have
Landmark CU coordinated more than 660 letters to the
Senators. Shoreline CU sent 75 letters.
Summit CU invited Senator Johnson's district staff to
visit the business lending department of their Waunakee branch to share
how raising the cap would directly benefit their members and local small
Bull's EyeandLakeviewCUs have links to email both Senators as a rotating ad on
their homepages. Heartland Credit Union's site, which also includes an
action link, features avideowith several small business people telling their
Central City CU featured a story in its
newsletterabout one of its business
borrowers operating a dog kennel , along with a call to action to
contact both Senators. The story was picked up byNeighborsmagazine (p. 44-46) The League has asample articleit urges all Wisconsin credit unions to publish that includes
a call to action.
These efforts are in addition to a slew of
others by credit unions that we've reported on previously. All Wisconsin credit unions have been urged to follow a
fewkey stepsto engage their employees, directors and members in the
Please share details about your credit union's
advocacy efforts with Sarah Wainscottso that we can feature them in future updates. We need and
appreciate everyone's commitment!
Credit unions continue efforts to pass business lending bill