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Banking Lobbyist Key Figure On Beehive Board

SALT LAKE CITY -- One of the reasons some members of the $186 million Beehive Credit Union oppose their CU's proposed move to a mutual bank is the key role they contend a noted Utah banking lobbyist plays on the CU's board.

By David Morrison | Updated on December 06, 2007

SALT LAKE CITY — One of the reasons some members of the $186 million Beehive Credit Union oppose their CU’s proposed move to a mutual bank is the key role they contend a noted Utah banking lobbyist plays on the CU’s board.

Beehive Board Member Douglas Foxley, a partner in the lobbying firm of Foxley and Pignanelli that has represented industrial loan corporations, the so-called non-bank banks which Utah charters along with some other states, as well as the state’s payday lenders. Members also pointed out that Foxley is a regular Republican Party donor, has served Republican administrations and has advised Republican candidates, all of which makes him well connected to the dominant political party in the state.

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