Sen. Menendez Staffers Visit League, CU Advocates Press for MBL Reform

Posted by Marissa Anema Friday, August 31, 2012 11:09:00 AM


HIGHTSTOWN, N.J. – New Jersey credit union advocates met yesterday with two key staffers from Senator Robert Menendez’s office to press the case for MBL reform.

Pictured from left to right: Chris Abeel, NJCUL Director of Governmental Affairs; Eddie Daniels, CEO of Newark Board of Education ECU; Lourdes Cortez, President/CEO of North Jersey FCU; Andy Jaeger, President/CEO of Credit Union of New Jersey and CULAC Trustee; Lou Vetere, President/CEO of Garden Savings FCU and NJCUL Chairman; Paul Gentile, NJCUL President/CEO; Sen. Menendez’s Legislative Counsel Michael Passante; Mark Sovelove, SVP Lending at Financial Resources FCU; David Bell, MBL Loan Officer at Financial Resources FCU; and Linda McFadden, President/CEO of XCEL FCU and NJCUL Board Member. 

Legislative Counsel Michael Passante and Constituent Outreach Coordinator Catherine Best visited the NJCUL offices for an update on credit unions concerns. The League and credit union advocates have met numerous times with Passante during regular Hike-the-Hill visits.

“I want to thank our credit union advocates for taking time to meet with Senator Menendez’s staffers,” said NJCUL President/CEO Paul Gentile. We are at a critical juncture when it comes to MBL reform. A vote could come at any time after Congress return from its August recess. It’s extremely important we keep up the pressure.”

“This is the kind of sustained grassroots pressure that is crucial to an MBL reform victory,” he concluded.  


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