[Congressional Record Volume 150, Number 24 (Monday, March 1, 2004)]
[Extensions of Remarks]
[Pages E264-E266]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      CONGRATULATIONS TO DAN EGAN

                                 ______
                                 

                           HON. BARNEY FRANK

                            of massachusetts

                    in the house of representatives

                         Monday, March 1, 2004

  Mr. FRANK of Massachusetts. Mr. Speaker, one aspect of my work in 
Congress of which I am most proud is the aid I am able to give to 
credit unions, which perform such an important economic and social 
function. One of the people who has helped me understand the role of 
credit unions is Daniel Egan, who plays a leadership role not just in 
Massachusetts, but through cooperative arrangements with our 
neighboring States of New Hampshire and Rhode Island.
  Recently, the Neighborhood Reinvestment Corporation, a very important 
national organization fighting for economic fairness, passed a 
resolution congratulating Dan Egan in his capacity as president of the 
New Hampshire Credit Union League--which he holds in addition to his 
Massachusetts work--for his efforts to promote credit union activity.
  Mr. Egan very much deserves this recognition and as a tribute both to 
him and to the important work of the credit unions of New England, I 
ask that the resolution from the Neighborhood Reinvestment Corporation 
be printed here.

Resolution Commending New Hampshire Credit Unions and the New Hampshire 
Credit Union League for Their Statewide Partnership with NeighborWorks 
                             Organizations

       Whereas, the Neighborhood Reinvestment Corporation and its 
     affiliated NeighborWorks organizations are devoted to 
     providing non-profit financial counseling and affordable 
     housing in more than 2,300 communities throughout the United 
     States;
       Whereas, New Hampshire Credit Union League President Daniel 
     Egan and the National Credit Union Administration co-hosted a 
     workshop to encourage credit unions to partner with 
     NeighborWorks organizations;
       Whereas, as a result of that workshop, leaders of New 
     Hampshire's 32 credit unions pledged a total of $35 million 
     to establish a fund, in conjunction with the Neighborhood 
     Housing Services of Manchester, a NeighborWorks 
     organization, to provide affordable housing, counseling and 
     loan programs;
       Whereas, the Home Ownership Loans program provides a 
     NeighborWorks course on life skills, financial management, 
     and property management for first-time homebuyers who do not 
     qualify for conventional mortgages;
       Whereas, the Family Emergency Loans program helps families 
     in need make critical payments such as home heating bills, 
     and provides NeighborWorks counseling for these families to 
     set aside funds that will protect them from future 
     emergencies;
       Whereas, the New Hampshire credit unions' partnerships with 
     NeighborWorks

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     organizations serve as a model for other institutions to 
     partner with NeighborWorks organizations throughout the 
     United States: Now, Therefore, Be It
       Resolved, The Board of Directors of the Neighborhood 
     Reinvestment Corporation officially commends the credit 
     unions of New Hampshire and the New Hampshire Credit Union 
     League for establishing this fund in partnership with the 
     NeighborWorks network in New Hampshire and helping to make 
     homeownership affordable so that more people can realize the 
     American dream and lay a foundation to build wealth that they 
     can pass on to future generations.
    

[[Page E266]]



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