Who Does Congress Bank With?

As the divide between Capitol Hill and Wall Street becomes blurred, here is an in-depth glimpse at who our legislators are turning to for their personal finances.

 
 

In conjunction with the “Move Your Money Movement”, the Huffington Post published a recap of the financial institutions used by our legislators. The bottom line:

“The Huffington Post searched financial disclosure forms filed by members of Congress and found that at least 53 senators use one of the nation's biggest six banks for their personal accounts. Information wasn't available for another 17. In the House, at least 104 members use big banks; at least 119 already use only small banks or credit unions. Information wasn't available for the rest.”

According to the information linked to by the Huffington Post, thirty-seven Democrats are members of a credit union and thirteen Republicans. There are four Senators and eleven Representatives that use credit unions as their primary financial institution. Four Senators on the Senate Banking Committee, which has twenty-three members, are members of a credit union and five Representatives on the House Committee on Financial Services, which has seventy-two members.

California is the state with the greatest number of members of Congress that belong to a credit union, with six. The most heavily represented credit union is Congressional Federal Credit Union, which boasts seventeen Members of The House and one Senator. This is not surprising as Congressional FCU counts the U.S. House of Representatives as a primary SEG group.

Below are two tables with all of the members of Congress that use credit unions (members who use a credit union as their primary financial institution are marked with an asterisk).

Members Of Congress Using Credit Unions

Name Party State Credit Union

House of Representative Members Using Credit Unions

Ackerman, Gary

D

NY

Melrose Credit Union

Baird, Brian

D

WA

Congressional Federal Credit Union

Baldwin, Tammy*

D

WI

Summit Credit Union

Bilbray, Brian

R

CA

San Diego County Credit Union

Brady, Robert*

D

PA

Philadelphia Federal Credit Union

Brown, Corrine

D

FL

Congressional Federal Credit Union

Buyer, Steve

R

IN

Congressional Federal Credit Union

Capuano, Michael

D

MA

Somerville Municipal Federal Credit Union

Cardoza, Dennis

D

CA

Congressional Federal Credit Union

Carnahan, Russ*

D

MO

St. Louis Community Credit Union

Chandler, Ben*

D

KY

Commonwealth Credit Union

Clay, William "Lacy" *

D

MO

First Community Credit Union

Clyburn, James

D

SC

AllSouth Federal Credit Union

Coble, Howard

R

NC

Congressional Federal Credit Union

Connolly, Gerry

D

VA

Congressional Federal Credit Union

Dahlkemper, Kathy*

D

PA

Erie Federal Credit Union

Davis, Danny

D

IL

South Side Community Federal Credit Union

Dicks, Norman

D

WA

Congressional Federal Credit Union

Dingell, John

D

MI

Congressional Federal Credit Union

Edwards, Donna*

D

MD

Andrews Federal Credit Union

Filner, Bob

D

CA

Congressional Federal Credit Union

Gordon, Bart

D

TN

Congressional Federal Credit Union

Hirono, Mazie*

D

HI

Aloha Pacific Federal Credit Union

Hoyer, Steny

D

MD

Congressional Federal Credit Union

Kanjorski, Pete*

D

PA

Cross Valley Federal Credit Union

Kilpatrick, Carolyn

D

MI

Congressional Federal Credit Union

King, Peter

R

NY

Nassau Educators Federal Credit Union

LaTourette, Steve*

R

OH

Congressional Federal Credit Union

Levin, Sander

D

MI

Congressional Federal Credit Union

Lewis, Jerry*

R

CA

Arrowhead Central Credit Union

Neal, Richard

D

MA

Greater Springfield Credit Union

Oberstar, James

D

MN

Congressional Federal Credit Union

Pastor, Ed

D

AZ

Chicanos Por La Causa Federal Credit Union

Paul, Ron

R

TX

TDECU

Posey, Bill

R

FL

Community Credit Union

Reichert, David

R

WA

Prevail Credit Union

Schock, Aaron

R

IL

Citizens Equity First Credit Union

Sherman, Brad

D

CA

Pacoima Development Federal Credit Union

Smith, Lamar

R

TX

Congressional Federal Credit Union

Stearns, Cliff

R

FL

Congressional Federal Credit Union

Sutton, Betty

D

OH

Akron Firefighters Credit Union

Walden, Greg*

R

OR

Cascade Central Credit Union

Senators Using Credit Unions

Begich, Mark*

D

AK

Alaska USA Federal Credit Union

Bennett, Robert*

R

UT

United States Senate Federal Credit Union

Bingaman, Jeff

D

NM

United States Senate Federal Credit Union

Boxer, Barbara*

D

CA

United States Senate Federal Credit Union

Brown, Sherrod

D

OH

Congressional Federal Credit Union Credit Union

Dorgan, Byron

D

ND

Capital Credit Union

Klobuchar, Amy*

D

MN

TruStone Financial Federal Credit Union

Schumer, Charles

D

NY

Municipal Credit Union

 For a more in-depth look at who is banking with who, here are the excel sheets for individual House and Senate members. Because this is public information, it could make great PR (for CUs and public officials alike) to publicize these relationships, especially now.

 

 

 

Jan. 25, 2010


Comments

 
 
 
  • I'm glad our Congressional representatives have somewhere to put the buckets of money they get from big banks and their lobbyists.
    Jeffry Pilcher