Credit union leagues in New York and Nevada aren't planning to blitz the district offices of Senators Chuck Schumer (D-N.Y) or Harry Reid (D-Nev.) while the two key players in the bid to raise the member business lending cap are home for a two-week recess.
Instead, the state trade organizations said they both plan to continue their "constant communication" with the lawmakers' offices. However, neither said they would turn down opportunities for in-person visits.
Schumer was quoted by American Banker April 23 as saying a vote on S. 2231, which would raise the credit union member business lending cap to 27.5% of assets, wouldn't happen until at least the second half of the year. That statement was a disappointment to credit unions, who had hoped to see a vote on the bill in April or early May.
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