Supplemental Capital for Credit Unions

Get to Know HR 719: The Capital Access for Small Businesses and Jobs Act

Bethpage supports HR 719, which was originally introduced as HR3993 in February of 2012 by Long Island’s Congressman Peter King and Co- Sponsored by California’s Congressman Brad Sherman.

The bill will simply allow the NCUA to give well-managed credit unions the ability to get supplemental capital. Capital that would be used to ensure we continue to improve credit union access for deposits and loans to our members.

Today, Congressman Israel, Congressman Bishop and Congressman Meeks are also co-sponsors of this important legislation and we thank them.

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How Supplemental Capital Will Benefit American Communities