[Congressional Record Volume 170, Number 6 (Thursday, January 11, 2024)]
[House]
[Pages H67-H68]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SUPPORTING AMERICA'S CREDIT UNIONS
(Mr. FITZGERALD asked and was given permission to address the House
for 1 minute and to revise and extend his remarks.)
Mr. FITZGERALD. Mr. Speaker, I rise today to thank over 4,700 credit
unions across the Nation, including 111 in my home State of Wisconsin,
who are improving the financial well-being of Americans and their
communities.
Starting this month, these credit unions are represented by a newly
launched America's Credit Unions, which will serve 3.8 million
Wisconsinites who are members of a credit union now. This new
organization will be headquartered in the great State of Wisconsin. I
congratulate them on this new endeavor.
I have recently introduced legislation to allow credit unions to
provide
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their members with an expanded offer of loan products. My bill, the
Expanding Access to Lending Options Act, will increase the cap on the
maturity of a loan from 15 to 20 years, allowing the flexibility to
offer longer terms with lower monthly payments for consumers, while
offering greater competition for lending products, including products
for small business, student, and agricultural loans.
I look forward to working with my colleagues on this bipartisan bill
to support Wisconsin credit unions and their members.
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