A Call to Action from Redwood Credit Union President & CEO Brett Martinez
As a Member and owner of Redwood Credit Union (RCU), your voice is vital on issues related to your Credit Union, our industry and on financial matters that can affect you and your fellow Members. As our nation begins to recover from the worst recession since the Great Depression, Congress is considering legislation that will significantly impact credit unions, and you can help.
- In recent years, credit unions have excelled at providing much-needed financing to local small businesses. In your community, Redwood Credit Union was recently ranked the #1 SBA lender in the greater North Bay.
- Currently, credit unions are restricted in the amount of business loans we can make. Meanwhile, many large and mid-sized banks have not extended credit lines or enhanced their business lending—even after receiving taxpayer funds to do so.
- Congress has introduced two key pieces of legislation to increase the existing lending cap. If Congress passes this legislation, RCU and other credit unions will lend to more small businesses, aid in job creation, and help improve our local economies.
The vote by Congress is likely to occur soon, so please take a moment now to let your Representatives know you support this legislation that would lift the business lending cap on credit unions. Ensuring your voice is heard is easy — simply visit: www.connectforthecause.com, an advocacy network hosted by credit unions, for credit unions. This site will allow you to quickly send a prewritten letter or email to your Member of Congress and Senators, asking for their positive vote.
Please join with me by taking a stand for your Credit Union and letting Congress know you support our efforts to help businesses and to aid in rebuilding both our local and the American economies. Thank you for your support of Redwood Credit Union!
President & CEO