The Republican - Elizabeth Warren Bags Another Endorsement in U.S. Senate Race

News Article

By Robert Rizzuto

Democratic U.S. Senate hopeful Elizabeth Warren landed an endorsement from the Massachusetts Credit Union League on Thursday, with the group citing her work on financial reform as one of the reasons for their nod of support.

Warren is in a heated campaign against Republican U.S. Sen. Scott Brown in what has already become the most expensive Senate race in Massachusetts history.

The endorsement from the credit league came as news broke that Brown is traveling to New York City on Aug. 15 for a fundraiser held by independent Mayor Michael Bloomberg.

In endorsing Warren, the credit league cited her push to regulate big banks involved in the financial crisis of 2008.

"Elizabeth Warren has been a strong and vocal proponent of the benefits that credit unions provide to working families across the Commonwealth and around the country," said Daniel F. Egan, Jr., president of the Massachusetts Credit Union League, in a statement. "It is our hope and expectation that Elizabeth will be a United States Senator who will ensure that credit unions and their members have an advocate in the Senate because the big banks in this country already have enough of them."

Warren, who served as the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program following the financial collapse, said that if elected, she will advocate for credit unions.

"I'm honored to receive the endorsement of the Massachusetts Credit Union League. Credit unions have played a crucial role in the development of the middle class, both across America and within Massachusetts," Warren said. "The League and the credit unions that compose it provide valuable services to their communities and to their members. Credit unions exist not to boost their own revenues, but to serve their members. It is critically important to support credit unions and the hard-working Americans who rely on their services."

Source