Credit Union-friendly Majority Elected to Serve in 116th Congress, Dem Pick-ups in NJ

While many races have yet to be called, including one in New Jersey, it is clear that Republicans retained control of the Senate while Democrats gained a House majority in Tuesday’s midterm elections. 

Picture1 copyDespite some credit union-supporters losing their re-election bids, there will be a credit union-friendly majority in the 116th Congress, according to CUNA President/CEO Jim Nussle. CUNA, leagues, credit unions and members were heavily involved in the election, including support for 388 House and Senate candidates nationwide.

“Credit unions invested a record $7 million into this election to help continue the positive momentum we’ve seen for credit union priorities in Congress,” Nussle said. “We’re pleased that we’ll have many friendly faces in the next Congress, and we’ll be working hard from now until then to connect with new members and engage with returning members to advance credit union priorities.”

CULAC supported 11 candidates in New Jersey. Rep. Leonard Lance (R-7) lost his re-election bid and Rep. Tom MacArthur’s (R-3) race is still too close to call this morning. CULAC-supported candidates in the state’s two open-seat races won. State Sen. Jeff Van Drew (D-3) will succeed Rep. Frank LoBiondo (R-3) and Mikie Sherrill (D-11) will succeed Rep. Rodney Frelinghuysen (R-11). LoBiondo and Frelinghuysen did not seek re-election.   

A state by state list of candidates supported by credit unions can be found on CUNA’s 2018 Elections Web page.

CUNA will conduct a post-election webinar Thursday from 3:30 to 4:30 p.m. and the League will look at the election’s impact from a New Jersey perspective at its next regular Political & Legislative Update scheduled for Friday, November 16 from 2:00 to 3:00 p.m. 

Registration is open for both webinars, which are free to CUNA and League members respectively.

CUNA will also release a white paper Thursday recapping credit union involvement in the election, what the results mean for credit unions in the next Congress and a look at state-level elections.