League, CU Advocates Meet with Congressman MacArthur

TOMS RIVER, N.J. – Representatives of the NJ Credit Union League met yesterday with Rep. Tom MacArthur (R-3). A former insurance industry executive, MacArthur is serving his second term in the U.S. House of Representatives, his first elective office.

Pictured from left to right: NJCUL President/CEO David Frankil, Credit Union of NJ President/CEO and NJCUL Board Chairman Andy Jaeger, Congressman MacArthur, Aspire FCU President/CEO and CULAC Trustee Tom O’Shea and NJCUL VP of Corporate & Governmental Affairs Chris Abeel.

Rep. MacArthur has been named to the House Financial Services Committee so Thursday’s meeting was an important opportunity to reinforce his understanding of, and appreciation for, the credit union cooperative model, our values and public policy concerns.

The NJCUL was early supporter of his 2014 campaign for the open seat following Jon Runyan’s decision not to seek re-election. One of MacArthur’s first legislative initiatives after assuming office in 2015 was introduction of a bill to exempt loans to armed service members and veterans from the credit union member business lending (MBL) cap. 

Credit Union of New Jersey President/CEO and NJCUL Board Chairman Andy Jaeger and Aspire FCU President/CEO and CULAC Trustee Tom O’Shea joined NJCUL President/CEO David Frankil and NJCUL Vice President of Corporate & Governmental Affairs Chris Abeel for the meeting in Toms River, N.J.

In January the League and CU advocates met with freshman Rep. Josh Gottheimer (D-5) who has also been named to the House Financial Services Committee.

in Legislative & Political News