Alabama Credit Union Association endorses Paul DeMarco for congressional District 6
– The LSCU represents 279 credit unions
– DeMarco’s has a track record of supporting credit unions
BIRMINGHAM, AL (May 5, 2014) — The Alabama Credit Union Association, an affiliate of the League of Southeastern Credit Unions & Affiliates (LSCU), is endorsing Republican Paul DeMarco for Alabama’s Sixth Congressional District. DeMarco, currently in the Alabama House representing the 46th District, is one of seven candidates vying for the Republican Party nomination for the seat currently held by Rep. Spencer Bachus (R) who announced his retirement at the conclusion of 2014.
On various occasions, DeMarco has expressed his support for the credit union tax exemption. He is in favor of decreasing regulatory burden under the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB). The Alabama Credit Union Association sent a candidate questionnaire to each of the candidates for the District 6 primary and DeMarco reiterated his credit union support on the questionnaire.
“Paul DeMarco has been a credit union supporter while in the Alabama House,” said LSCU & Affiliates President/CEO Patrick La Pine. “He meets with credit unions and attends our legislative nights. Rep. Bachus has held an important seat during his 21 years in Congress. It’s important that credit unions support a candidate that understands the issues credit unions are facing.”
“Having the endorsement of the credit unions means a lot to me,” said DeMarco. “Credit unions mirror their communities. They are local, focused on helping Alabama’s consumers get credit and they put in many hours of community service. We need to make sure the regulatory environment is one that helps small businesses like credit unions and not weigh them down.”
DeMarco has been a member of the State House since 2005 and re-elected twice. He is chairman of the House Judiciary Committee and in House leadership. He graduated from Auburn and received a law degree from the University Of Alabama School Of Law.
The Republican primary will be June 3 with the winner moving on to face Democrat Avery Vise in November’s general election.
The League of Southeastern Credit Unions represents 279 credit unions in Alabama and Florida with a combined total of $65 billion in assets and more than 6.5 million members. LSCU provides advocacy and regulatory information; education and training; cooperative initiatives (including financial education outreach); media