A vote on the member business lending bill, S. 2231, is expected soon by the U.S. Senate and credit union leaders are asked to take part in a comprehensive call to action effort in support of member business lending.
Senate Majority Leader Harry Reid (D-NV) has pledged a vote on the member business lending bill, which would raise the credit union member business lending limit from 12.25% to 27.5% of assets. In order to expedite the process, the Senate bill was reintroduced as S. 2231, the Credit Union Small Business Jobs Bill. A vote could take place in less than three weeks. The U.S. Senate is in recess until April 16.
All MBL efforts re-set now. Grassroots efforts with credit union members are key, including the small business owners who are impacted the most. Make sure U.S. Senators understand that this is about helping small businesses, growing jobs and providing more consumer options. Make sure they hear from credit unions to counter banker attacks against the measure.
The vote on S. 2231 will be the first time a credit union stand-alone bill will be on the U.S. Senate floor since 1998.
The call to action starts on Monday, April 2.
MCUA emailed directly more specific information on the action plan and talking points. If you have questions or need more information, contact Amy McLard, 314.542.1370.
All presidents, staff, and board members are asked to call each Senator’s D.C. and their local district office.
District Office Contact Information: http://mccaskill.senate.gov/?p=office_locations
District Office Contact Information: http://blunt.senate.gov/public/index.cfm/office-locations
All credit union presidents are asked to write to both Senators on behalf of their credit union in regards to MBL, even if you have already contacted them previously.
All staff members and board members should contact both Senators using one of these Grassroots Action Center links -
Ask your membership to email and call.
Involve your Small Business Owners
Ask small business owners to contact the U.S. Senators by phone and send emails.
If your credit union does not make business loans at this time, but you know of members who have asked you to provide them – ask those business owners to contact the U.S. Senators by phone and send emails.