Political Quotes

“Mr. Speaker, I rise today to celebrate America's credit unions during National Credit Union Education Month. Credit unions play a crucial role in improving the financial well- being of households and local businesses across America, offering working people affordable financial services for acquiring a home, investing in their child's education, and providing accessible lending options that help build generational wealth. Credit unions are legally owned by the people who use their services, meaning that when you deposit money into a credit union, you are not just a customer, you are a part owner. This makes credit unions all the more responsive and accountable to the communities they serve. This not-for-profit cooperative structure also ensures that earnings are paid back to members in the form of higher savings rates and lower loan rates, not to private investors. Rhode Island boasts 18 credit unions that serve 480,000 Rhode Island residents--nearly half of our State's population. During my time as State treasurer, I worked with our credit unions in our State to help promote financial empowerment and stability for all Rhode Islanders. I look forward to continuing to support this credit union model in Congress. ____________________”