The Credit Union Journal conducted a poll with some credit union professionals to see who they would vote for in the 2016 presidential elections. Donald Trump came in first with 19%, while Jeb Bush and Hillary Clinton tied for second at 13%. Although Donald Trump has become notorious for his offensive comments, credit union professionals favor him for his business experience andknowledge of banking issues.
However, little has been discussed yet about credit union issues so there is still time for opinions to change before election day. Dan O’Brien of NAFCU, stated that it is during the primary process when credit unions will be given an “ample opportunity to see who best support their interest with credit union interest.”
The truth is, however, that most of the issues related to the credit union industry are handled by congress, and not the president. O’Brien states that we’re “going to need bipartisan support to get something moved, regardless of who’s in the executive branch and who’s in the legislative branch."
Although most legislative decisions relating to credit unions are made by congress, the President does have the power to appoint the head of the CFPB and NCUA. This presidential election also matters because the next president has the possibility of appointing “three new NCUA board members”.
With ten months left until the election, there is still plenty of time for the candidates to state their stance on matters relating to credit union operation(s).
Passman, Aaron. "Why `Trump Time` for CUs May Be Short-Lived" Credit Union Journal. 11 January, 2016. Web 1 September 2015.