Former Senate Majority Leader Harry Reid passes

Former Majority Leader Harry Reid (D-Nev.) passed away Tuesday.

“Harry Reid was a credit union champion whose leadership made a lasting impact for consumers across the country,” said CUNA President/CEO Jim Nussle.

During a 30-year career in the Senate, Reid championed several credit union priorities, including legislation allowing credit unions the ability to offer Attorney Trust Accounts (IOLTAs) and granting eligibility to privately-insured credit unions to become members of Federal Home Loan Banks.

“As the Senior Senator from Nevada, the credit union leadership and members of the Silver State enjoyed a close, open, and at times very straightforward relationship with the Senator,” read a statement from the Nevada Credit Union League. “Throughout his Senate career, and especially during his tenure as both the Minority and Majority Leader of the United States Senate, Senator Reid aided credit unions and our members in the times we needed him most.”


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