WASHINGTON—With the passing of former Senate Majority Leader Harry Reid (D-NV) the credit union community has issued statements praising the role he played and the support he provided.
“Harry Reid was a credit union champion whose leadership made a lasting impact for consumers across the country,” said CUNA President/CEO Jim Nussle, who served in the House while Reid was in the Senate.
CUNA said that during his 30-year career in the Senate Reid championed several credit union priorities, including legislation allowing credit unions the ability to offer Attorney Trust Accounts (IOLTAs) and granting eligibility to privately-insured credit unions to become members of Federal Home Loan Banks.
‘At Times We Needed Him Most’
“As the senior senator from Nevada, the credit union leadership and members of the Silver State enjoyed a close, open, and at times very straightforward relationship with the Senator,” the Nevada Credit Union League said in a statement. “Throughout his Senate career, and especially during his tenure as both the Minority and Majority Leader of the United States Senate, Sen. Reid aided credit unions and our members in the times we needed him most.”
Reid was also Senate Majority Leader during the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.