We can all breathe a sigh of relief that the elections are finally over. The campaign sniping on the television and the intrusive robo-calling is done. Now, we have to get down to what it all means for credit unions.

The Massachusetts Credit Union League made the somewhat controversial choice of backing Elizabeth Warren, mother of the Consumer Financial Protection Bureau, in her successful campaign for the Senate. Not only did she win, but she also highlighted her support of credit unions during her acceptance speech. She included her "love" for credit unions among a list of key supporters, adding, "All of you have my back, and I promise you, I'll have your back."

How that translates into action will be interesting to say the least. I have no doubt she sees credit unions in her state as strong allies and the good guys that got caught up in the fixes created for the less-than-savory dealings of the larger, more aggressive financial services providers. However, her long and significant background indicates her strong support of consumer protectionism above all else.