Despite opposition from bank lobbyists, the $6 billion Bethpage Federal Credit Union has led the charge for supplemental capital legislation pending in Congress.
"If you are a well-capitalized credit union and you have a need for supplemental capital, just having the ability to apply is important. Getting people to understand that is not easy. It's a convoluted, non-sexy thing," Linda Armyn, Bethpage SVP of corporate affairs, said.
For its efforts, the Bethpage was named CU Times' 2015 Trailblazer for Outstanding Political Action.
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