WASHINGTON—CUNA has issued a statement lamenting the loss of another credit union supporter in the Senate.
Sen. Ben Sasse, the former Republican senator from Nebraska, has left the Senate to become president of the University of Florida in Gainesville. He had served in the Senate since 2014 and during his tenure had supported many credit union priorities during his time in the Senate, CUNA said.
Sasse introduced the Credit Union Governance Modernization Act—along with Sen. Tina Smith (D-MN)—that was signed into law by President Joe Biden in March 2022. The bill updated the member expulsion process and the NCUA recently issued a proposal to align its rules with the law.
“Sen. Sasse has been a credit union champion during his time in the Senate. He has strongly supported CUNA’s efforts to prevent one-size-fits-all regulations for credit unions. His bipartisan leadership led to needed legislative change for credit unions with the Credit Union Governance Modernization Act,” said CUNA President/CEO Jim Nussle. “We thank him for always having his door open to credit unions and wish him and his family well at the University of Florida.”
‘Dedicated Service to CUs’
Added Scott Sullivan, president and CEO of the Nebraska CU League, “Nebraska’s credit unions are grateful to Sen. Sasse for his years of dedicated service in the United States Senate and for his strong support of Nebraska’s credit unions, their employees and members.”
Sasse also introduced CUNA and league-supported bills to limit banking agencies’ ability to discourage or restrict banking relationships and spearheaded a bipartisan Senate letter in 2016 calling for the Consumer Financial Protection Bureau to tailor its rulemakings to take credit unions’ mission and structure into account, CUNA said.
Second CU Supporter to Exit
Sasse’s exit follows on the heels of an announcement by Michigan Sen. Debbie Stabenow (D) that she will not run for re-election in 2024. Stabenow was praised by the CU trade associations as another long-time supporter of credit unions.
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