Sen. Joseph Lieberman (I-Conn.), who has worked to help credit unions achieve several of their legislative goals, announced today that he won't run for a fifth term next year.

Lieberman, an independent who has caucused with Democrats, has faced increasing political challenges at home because of his willingness to work with Republicans on a range of issues. He was first elected in 1988 after defeating Sen. Lowell Weicker (R-Conn.)

Lieberman was the Senate sponsor of the Credit Union Regulatory Improvements Act, which included risk-based capital reform and raises the member business lending cap.

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