Eastman Credit Union recently wrote to Rep. Morgan Griffith (R-9) asking for his support on H.R. 1553, the bill that would institute new criteria and an appeals process in the regulator examination process.
“The current examination practice is costly, unwieldy and onerous to credit unions. This legislation... More
The White House announced this morning it plans to nominate 11-term Democratic Rep. Melvin Watt, a strong credit union supporter, to head the Federal Housing Finance Agency, which regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.
If confirmed by the Senate for the FHFA post, Watt,... More
When URW Community Federal Credit Union held a grand opening May 1 for its new facility, the well-wishers included lawmakers who represent the legislative districts in URW’s field-of-membership.
Speaking at the event were Rep. Robert Hurt (R-5), who recognized the need of more private capital to boost... More