MUSKOGEE, Okla. - (11/03/04) -- The son also rises for CUNA. CUNAbegan grooming the next generation of credit union supportersTuesday, backing three congressional sons elected for the firsttime to the House, and a fourth son who was reelected handily. CUNAsupport helped elect third-generation Democratic lawmaker DanBoren, the son of former Senator David Boren and grandson ofex-Congressman Lyle Boren, to Oklahoma's eighth House District.CUNA backing also helped push State Rep. Russ Carnahan, son ofex-Senator Jean Carnahan in Missouri's third House District; andState Rep. Connie Mack IV, the son of former U.S. Senator ConnieMack III, to Florida's 14th House District. CUNA hopes the youngerMack can be depended on when he gets to Congress, unlike hisfather, a former banker and one of just eight senators to voteagainst HR 1151, the CU Membership Access Act of 1998. Also winningreelection with CUNA assistance Tuesday night was DemocraticCharles Gonzalez of Texas to a third term.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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