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Regulatory Relief Would Ensure CU Capital Accessible, Clinton Says
Monday, June 27, 2016 6:45 AM

Presumptive Democratic nominee and former Secretary of State Hillary Clinton spoke recently of the need to increase access to capital by reducing regulatory burden on credit unions and community banks. Credit Union National Association has had discussions in recent weeks with the campaigns of both Clinton and presumptive Republican nominee Donald Trump.

“Small businesses, which should be the engine for creating new jobs across America, they need to be free of red tape, they need access to credit,” Clinton said during a speech in North Carolina. “We need to slash unnecessary regulations, making it's easier to get start-up capital from community banks and credit unions. If you have an idea for a small business, we want you to get started.”

CUNA President/CEO Jim Nussle said the remarks are a great reminder of CUNA’s “Strong Credit Unions. Strong Middle Class.” grassroots campaign, which focuses on educating all presidential candidates on the importance of credit unions and the benefits they provide to middle and lower-income individuals.

Credit union stakeholders can continue to take action at, letting the candidates know about the economic issues that matter to middle class credit union members.