Source: CUNA News Now
January 11, 2022
Rep. Ed Perlmutter (D-Colo.) announced Monday he will not seek re-election in 2022. He has served in Congress since 2007 and worked closely with credit unions on many issues.
“We thank Rep. Perlmutter for being a strong credit union champion throughout his time in Congress,” said CUNA President/CEO Jim Nussle. “His work on behalf of credit unions with members of Congress from both parties has helped credit unions and their members. We wish him and his family the best going forward.”
“Ed has long been a champion of credit unions, not only in Colorado, but nationally as well. Many times, he stood up to protect credit unions’ ability to serve their members, and he has been the leading voice in the fight to allow legal cannabis businesses access to financial services,” said Scott Earl, president/CEO of the Mountain West Credit Union Association. “We have valued our relationship over the years, and on top of it all, he’s a really good guy. We wish Ed well in his retirement.”
Perlmutter introduced the Secure and Fair Enforcement (SAFE) Banking Act, which would allow financial institutions to serve legal cannabis-based businesses. The bill passed the House several times, and CUNA has testified before both House and Senate committees in support of the bill.
Perlmutter also introduced legislation to modernize the member expulsion process in this Congress. He previously introduced bipartisan legislation to allow National Credit Union Share Insurance Fund coverage for trust accounts, which was eventually signed into law in 2014.