Mark and his two guests, Mike Radway and Todd Harper, go deep with a history lesson on the passing of HR 1151. This legislation paved the way for credit union growth in the past 25 years. Both Todd and Mike worked in the office of Rep. Paul Kanjorski at the time, who spearheaded the legislation. Every credit union employee who hasn't learned about this law should listen to why we have the successful industry we have today.

IN THIS EPISODE:

• (00:00) This special episode is a historical background of the credit union industry
• (03:15) Todd Harper’s his credit union background, noting his work on HR 1151
• (05:59) Mike Radway’s 50-year credit union journey, influencing legislative affairs and HR 1151
• (09:35) Creation of the common bond credit unions, driven by financial services
• (11:55) Explanation of the Supreme Court ruling against the common bond credit unions, leading to HR 1151
• (17:53) Passing a bipartisan bill, establishing a cap on business lending, and providing consumer choice
• (26:21) Why it’s difficult to pass legislation today
• (33:10) Surprise changes in the credit union industry over the past 25 or 30 years

• HR 1151, the credit union membership access act, was pivotal in allowing common bond expansions, enabling credit unions to serve diverse groups and ensuring consumer choice despite Supreme Court challenges.
• A bipartisan effort by Paul Korski and Steve Ette, supported by Todd Harper and Mike Radway, drove the legislative affairs success of HR 1151, addressing the crisis consensus to protect credit unions.
• The business lending cap, a result of banking committee negotiations, spurred diversification and growth of community charter credit unions, strengthening the financial services industry.

Mark Ritter - Website

Mark Ritter - LinkedIn

Todd Harper - LinkedIn

Mike Radway - LinkedIn

BIOGRAPHIES:

Todd Harper:

Few people know federal financial services laws like me. That’s because I’ve written, explained and implemented them for 25+ years. As an agency executive, policy entrepreneur, political strategist and press pro, I’ve identified emerging issues, shaped public opinion, built bipartisan coalitions and advised lawmakers and presidential appointees before the U.S. Senate twice confirmed me in the Trump and Biden eras. In the words of the American Banker, I’m “the rarest of Washington creatures: A regulator who actually gets along with everyone.”

Mike Radway:

Former Chief-of-Staff to Chairman of the National Credit Union Administration (NCUA).

Former Professional Staff, House Banking/Financial Services Committee.

Former Chairman, Federal Home Loan Bank of Seattle & Council of Federal Home Loan Banks.

Former Chair, Early Care and Education Consortium

Former DNC Member, Biden delegate 2020, Obama 2012, Gore 2000

Former Treasurer, Democratic Party of Oregon

KEYWORDS: Credit Unions, History Lesson, HR 1151, Todd Harper, Mike Radway, Membership Access, Financial Services, Community Charter, Business Lending, Common Bond, Legislative Affairs, NCUA Board, Bipartisan Effort, Consumer Choice, Supreme Court, Banking Committee, Crisis Consensus, Diversification, credit union growth, credit union industry, Common Bond Credit Unions, Financial Services, Credit Union Membership Access Act, Common Bond expansions, Crisis Consensus, Bipartisan Effort, Paul Korski, Steve Ette, Protecting Credit Unions, Business Lending Cap