Supporting America's Credit Unions

Floor Speech

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Mr. FITZGERALD. Mr. Speaker, I rise today to thank over 4,700 credit unions across the Nation, including 111 in my home State of Wisconsin, who are improving the financial well-being of Americans and their communities.

Starting this month, these credit unions are represented by a newly launched America's Credit Unions, which will serve 3.8 million Wisconsinites who are members of a credit union now. This new organization will be headquartered in the great State of Wisconsin. I congratulate them on this new endeavor.

I have recently introduced legislation to allow credit unions to provide their members with an expanded offer of loan products. My bill, the Expanding Access to Lending Options Act, will increase the cap on the maturity of a loan from 15 to 20 years, allowing the flexibility to offer longer terms with lower monthly payments for consumers, while offering greater competition for lending products, including products for small business, student, and agricultural loans.

I look forward to working with my colleagues on this bipartisan bill to support Wisconsin credit unions and their members.

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