Debbie Dingell: “I rise to offer my unequivocal support for the legislation, and also to praise credit unions, which are dedicated to the…”

“I rise to offer my unequivocal support for the legislation, and also to praise credit unions, which are dedicated to the communities and the people they serve. These institutions provide low-cost consumer credit to American families and small businesses, and they provide a fine opportunity for the American people to work together for their own common good. I urge support of H.R. 1151. As a freshman Congressman in 1934, my dad worked on the Federal Credit Union Act. The committee in its report on that legislation, which happened in one of the darkest times in American financial history, said this: That the credit unions have, and I now quote, ``come through the depression without failures, when the banks have failed so notably, is a tribute to the worth of cooperative credit.'' That is as clear today as it was then. Credit unions are a vital part of our community and our Nation. They serve the people, and they serve them well. Strong consumer support for credit unions does not surprise me. Over the past year, people have come to me at town hall meetings, pancake breakfasts and other events, and said to me, ``Congressman, you have to help the credit unions, because they work for us.'' While some of the provisions in the House bill are different than I would have had, H.R. 1151 is a good bill.”