Press

NAFCU letter in recognition of Small Business Week & HR 688

(May 12, 2014) —
Good evening,
Below is NAFCU Vice President of Legislative Affairs Brad Thaler’s letter to House Speaker John Boehner and House Minority Leader Nancy Pelosi in recognition of National Small Business Week and to urge support for the Credit Union Small Business Jobs Creation Act (H.R. 688) .  Members of the United States House of Representatives were copied on the letter.

Attached is the same letter to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell to urge support for the Small Business Lending Enhancement Act (S. 968). Members of the United States Senate were copied on the letter.

If you would like more information on this matter or would like to speak about this with a NAFCU expert, please let me know.

Thank you.

Patty Briotta
Director of Public Relations
National Association of Federal Credit Unions
3138 10th Street North
Arlington, VA 22201
Phone: 703-842-2820
Fax: 703-524-1082
pbriotta@nafcu.org

May 12, 2014
The Honorable John Boehner                           The Honorable Nancy Pelosi

Speaker                                                                       Minority Leader

U.S. House of Representatives                         U.S. House of Representatives

Washington, D.C. 20515                                      Washington, D.C. 20515

RE: National Small Business Week & Support for the Credit Union Small Business Jobs Creation Act (H.R. 688)
Dear Speaker Boehner and Minority Leader Pelosi:

On behalf of the National Association of Federal Credit Unions (NAFCU), the only trade association exclusively representing the interests of our nation’s federal credit unions, I write today in recognition of National Small Business Week and in support of the many ways credit unions partner with our nation’s small businesses to facilitate the flow to credit and create jobs.

As the House considers ways to address credit availability for small businesses, the potential that exists with credit unions and their 97 million members should not be overlooked. Our nation’s credit unions have money to loan to small businesses; however, an outdated and arbitrary business lending cap stands in their way.  Representatives Ed Royce and Carolyn McCarthy have introduced the bipartisan Credit Union Small Business Jobs Creation Act (H.R. 688), a bill that would raise the member business lending cap in a sound way for eligible credit unions and help extend credit to the small businesses that drive our economy without spending a dime of taxpayer funds.

We urge you to support this effort and pass H.R. 688, the Credit Union Small Business Jobs Creation Act in the House.  As our country recovers from the worst financial crisis since the Great Depression, Congress should leave no stone unturned in terms of helping small businesses create jobs and getting Americans back to work.

We thank you for your consideration and welcome the opportunity to discuss this matter further.

If my colleagues or I can be of assistance to you, please feel free to contact myself or NAFCU’s Director of Legislative Affairs, Jillian Pevo, at (703) 842-2836.

Sincerely,

 

Brad Thaler

Vice President of Legislative Affairs

cc:        Members of the United States House of Representatives

 

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