Kaine endorsed by Virginia Credit Union League

The Virginia Credit Union League has endorsed Democratic U.S. Senate candidate Timothy M. Kaine.

The organization, which represents 184 credit unions across the state representing 3 million Virginians, six years ago endorsed Kaine’s GOP rival, George Allen, in his failed re-election bid against U.S. Sen. Jim Webb, D-Va.

“Decisions made in Washington have a direct impact on credit unions’ ability to provide affordable financial services to their member-owners,” said Rick Pillow, president of the Virginia Credit Union League. “Gov. Kaine will be an effective partner and understands the difficulty of the legislative and regulatory environment. He is the best choice to help stimulate our economy and get our country back on track.”

A release from the group said that Kaine supports credit unions and community banks “in the call for fair and balanced regulation that maintains the safety and soundness of the nation’s financial system, without unduly burdening the nation’s small community-based financial institutions.”

In a statement, Kaine said he had “great respect for credit unions and their people-helping-people philosophy. The economy and the creation of jobs is the central focus of my campaign, and credit unions and other community-based financial institutions will help drive the economic recovery.”

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