When The Credit Union Journal produced the Aug. 5, 1998 edition of the newspaper, it's unlikely that anyone in the credit union movement recognized that the work to get the Credit Union Membership Access Act passed into law would lead to a brand new chapter in credit union politics, catapulting the movement into a whole new level of never-ceasing but always-changing political advocacy.
A New Era Begins
January 29, 2007, 1:00 a.m. EST
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![Fed Chairman Jerome Powell said the central bank had previously concluded that asset-based borrowers were able to secure financing elsewhere. Treasury Secretary Steven Mnuchin said “small hotels do not fit into [the Main Street Lending Program] because they already have other indebtedness.”](https://arizent.brightspotcdn.com/dims4/default/28d67cc/2147483647/strip/true/crop/1598x900+1+0/resize/460x259!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.amazonaws.com%2Fb3%2F79%2F3b1db6264efa9eab86e05b296afc%2Fpowell-jerome-mnuchin-steven-bl-092220.png)
