March 16, 2012
Nearly 5,000 credit union representatives will be in Washington D.C. March 18th -24th to lobby for a drastic increase in their member business lending authority contained in H.R. 1418 and S. 2231. CBAI strongly urges Illinois community banks to contact their Members of Congress today to oppose this credit union plan. H.R 1418 and S. 2231 currently have 123 bipartisan co-sponsors in the House and 22 bipartisan co-sponsors in the Senate. Seventeen members of the Illinois delegation have not co-sponsored this legislation. The four House members who have co-sponsored are Congressman Bobby Rush (D-1st), Jesse Jackson (D-2nd), Dan Lipinski (D-3rd), and Congresswoman Jan Schakowsky (D-9th). To urge your Member of Congress to block the credit unions' unwarranted power grab CLICK HERE.
CLICK HERE to sign the online petition opposing credit unions' expansion of powers.