Rep. Paul Kanjorski, a stalwart federal credit union supporter, has clarified for the National Association of State CU Supervisors (NASCUS) that he is not biased against state charters.
NASCUS has been seeking a clarification from the Pennsylvania Democrat since early this year, when Kanjorski gave the impression during remarks at CUNA's Governmental Affairs Conference that he and other members of Congress might seek to restrict the powers of state charters to maintain "parity" with the federal charter. Kanjorski told NASCUS that is not the case. "A dual chartering system for credit unions will work best when there is experimentation," he told the group. "Limiting the powers of state-chartered credit unions to those of federally chartered credit unions would generally not allow that experimentation to occur."