Credit Unions and Party Politics

When asked which political party tends to ally itself with the credit industry, Patrick La Pine, the president and CEO of the League of Southern Credit Unions, stated that both major parties have warmly received the industry. Having worked with individual lawmakers, the credit industry has received support in regards to Member Business Lending (MBL) legislation, which Senate Majority Leader Harry Reid has assured will be reviewed by the Senate, and supplemental capital legislation. The two legislative issues raise the lending cap and allow credit unions to raise capital.

The credit industry’s participation at both the Republican and Democratic conventions further show that credit unions are supported by lawmakers on both sides of the aisle, according to Dan Schline, senior vice president of Association Service.

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To learn more about what our institution has to offer you, contact Valley Federal Credit Union at our Brownsville branch at (956) 546-3108 or our Harlingen branch at (956) 425-5668.