WASHINGTON — When Rep. Barney Frank (D-Mass.) retires after this current Congressional session, credit unions will gain "the best friend they've ever had" in the House.
That's because Rep. Maxine Waters (D-Calif.) will take over as the ranking Democrat on the House Financial Services Committee, and the congresswoman pledged her support to credit unions during GAC's general session audience on Tuesday.
Waters praised Manhattan Beach, Calif.-based Kinecta Federal Credit Union, which has several branches in her district, including many locations co-branded with Nix Check Cashing, which the $3.2 billion Kinecta purchased in 2007.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
