With Sen. Dianne Feinstein’s (D-CA) announcement that she will not seek re-election in 2024, the California and Nevada Credit Union Leagues would like to express its indebted gratitude to the senator as she finishes the remainder of her term.
Feinstein has served in the Senate since 1992 and was the first woman to chair the Senate Rules Committee and Senate Select Committee on Intelligence.
“After so many years of service to Californians and support for credit unions and the members they serve, credit union leaders across the state have been honored to work with Senator Feinstein since she was first elected in 1992,” said Diana Dykstra, president and CEO of the Leagues. “She has always recognized the importance of local credit unions and their mission to provide dependable and honest member-owned financial services within all types of communities.”
Dykstra thanked Feinstein for being a friend of credit unions and championing impactful legislation that continues to uplift the financial wellbeing of millions of local households and consumers. Feinstein has co-sponsored legislation to raise the member business lending cap to 27.5 percent of assets (from the current 12.25 percent of assets), require timely notification after data breaches, and create a $2 billion Community Development Financial Institution (CDFI) pandemic crisis fund.
Feinstein also recognized credit unions on the U.S. Senate floor for a prior International Credit Union Day and was always willing to meet with the California Credit Union League’s delegation of credit unions from across the state.
“For credit unions, the Senator’s unyielding support of who we are as a movement and the individuals we serve has etched a powerful legacy within this period of history,” Dykstra said. “For that, she holds our sincere recognition and gratitude. We wish her the best going forward.”