State Legislative Leaders Show Support for Iowa Credit Unions
Contact: Emily Caropreso, Director of Communications & Marketing, Iowa Credit Union League
Des Moines, Iowa—The Iowa Credit Union League (ICUL) held its annual Legislative Conference on February 15 in Des Moines. More than 100 Iowa credit union representatives convened to learn more about the legislative issues affecting the credit union industry and interact with their legislators.
Governor Terry Branstad kicked off the conference with an opening address. He commended Iowa credit unions for offering business loans to Iowa’s businesses at a time when other financial institutions are pulling back. He highlighted that from 2007-2010, Iowa credit unions have increased member business lending by 54 percent while Iowa banks have decreased by 7.9 percent during that same time.
“Credit unions are part of the solution in creating and sustaining jobs in our state,” said Gov. Branstad. Gov. Branstad’s goal is to create 200,000 jobs in Iowa within the next five years.
Iowa credit unions also heard from Iowa Economic Director Debi Durham, Iowa Attorney General Tom Miller, Senator Jeff Danielson (D-10, Black Hawk) and Representative Chuck Soderberg (R-3, Plymouth).
Senator Danielson and Representative Soderberg praised the credit union industry’s sustainable business and leadership model that is community oriented.
The Iowa Credit Union League is the trade association that represents the interests of Iowa credit unions and their members. Credit unions are not-for-profit, financial cooperatives owned and operated by their members. Iowans use their credit union membership to receive higher interest rates on savings and lower interest rates on loans. For more information on the League and Iowa credit unions, visit IowaCreditUnions.com.
Photo 2: Governor Branstad, Lt. Governor Reynolds, Superintendent of Iowa Division of Credit Unions, JoAnn Johnson, Iowa Credit Union League CEO/President, Patrick S. Jury at Iowa Credit Union Legislative Conference on February 15, 2011.