WASHINGTON – CUNA is pushing hard for a vote on MBL reform during the lame duck session of Congress, and CUNA President/CEO Bill Cheney in a video said he needs the help of credit unions and small business owners "to make this vote a reality."
MBL legislation has made Senate Majority Leader Harry Reid's (D-Nev.) list of “to-do-items” for this lame duck session of Congress, and Senate leadership has committed to a floor vote on it. CUNA and credit union leagues are also urging credit unions to participate in a national MBL Hike-the-Hill on November 28 during the heart of Congress' lame duck session. Word surfaced last week that the banking trade associations are organizing Capitol Hill visits of their own in an attempt to counter credit union efforts. This is another reason CUNA urges credit unions to respond to this call for action.
Cheney's new MBL video also features commentary from Senate MBL chief sponsor Sen. Mark Udall (D-Colo.) and clips from a recent Capitol Hill pro-MBL rally held by CUNA and pro-MBL coalition partners.
"Altogether, our actions stress the crucial role credit unions play in small business expansion and job growth. We have made a strong case; many in Congress support us," Cheney said.
CUNA and credit union leagues already have met with nearly every member of Congress to set the stage for an MBL vote, and members of the CUNA-organized coalition of 40 pro-small business groups are also actively making the case for more credit union business lending in their own meetings with lawmakers.
But the argument could still be made stronger, Cheney emphasized. "Every league, credit union and small business partner must contact their senators and House members, regardless of whether or not your credit union makes business loans. We need as many contacts as possible: In-person meetings, phone calls, emails," he said. "We can do this. The time is now. Speak out. Let Congress know that credit unions are ready, willing and able to give small business, and our economy, the boost it needs," Cheney added.
The NJCUL is participating in the special MBL Hike-the-Hill.
The aim is to bring small business-owners and their credit union CEO or loan officer to meet with key members of Congress in order to provide additional education on why MBL reform should be passed. These small business owners are our best advocates to express their need for capital and can provide real life stories of their struggles and successes in securing it.
Small business owners joining credit union leaders for these meetings will provide a compelling, full-circle case for MBL reform.
The League will provide transportation from Hightstown and/or cover reasonable expenses. Meetings with just Senate offices and a few select House offices will enable participants to leave and return at reasonable hours.
To register, please email Mary Zelinsky at email@example.com by Monday, November 19 to register. Please indicate whether you’re able to get any of your business-owning-members to join us.
Additional information is available from NJCUL Director of Government Affairs Chris Abeel at firstname.lastname@example.org or 800-792-8861, ext. 127.