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Legislative Advocacy

Your Credit Union, Your Voice, Your Impact
The Leagues' Government Affairs team works diligently in Sacramento, Carson City, and Washington, D.C. We promote credit unions' legislative agenda, review hundreds of bills each year, and provide credit union leaders with opportunities to meet with legislators. Please take part in these essential advocacy efforts. (Continue to meet the staff...)
 
Federal Government Affairs

California and Nevada's voice in Washington D.C. The Leagues are the only Leagues with a full time staff dedicated to working with Congress, Government Agencies, and Federal Regulators. The resources in this area will help you keep informed of the latest developments and credit union priorities.

State Advocacy

State Government Advocacy efforts brings the voice of credit unions to Sacramento and Carson City. Our advocacy team works daily with elected officials, staff, the executive offices, gubernatorial appointees, and the decision-makers of California and Nevada. This area will keep you updated on all advocacy efforts at the state level of Government.

From the Editors of CU Weekly

L-R: Reps. Jared Huffman (D-CA) and Ed Royce (R-CA)
NEW LOAN PARITY BILL INTRODUCED
updated 03/17/14 04:38 PM
Also, Success on FHLB Legislation
Legislation that gives parity for credit unions with respect to standing law for banks (H.R. 4226) was introduced last week in the House of Representatives by Rep. Jared Huffman, D-CA, and co-sponsored by Rep. Ed Royce, R-CA—marking the first time these legislators have worked together on a credit union issue.

The Credit Union Residential Loan Parity Act would exempt loans for non-owner occupied one-to-four unit dwellings from the current member business lending cap on credit unions (12.25 percent of assets). Royce, a speaker during the Credit Union National Association’s (CUNA) 2014 Governmental Affairs Conference in February, had said that, “while it’s not a panacea to credit unions’ business lending needs, it will greatly improve how you serve your members.”

Royce is also the author of legislation to raise the credit union member business lending cap from 12.25 percent of assets to 27.5 percent.

Click here to read Royce’s letter." rows="5" cols="100" WRAP="physical">In a letter to his House colleagues describing the bill and seeking support, Royce writes: "When a bank makes a loan to finance the purchase of a small apartment building, it is called a residential real estate loan. When a credit union makes the same loan, it is called a business loan," and thereby falls under the low 12.25 percent-of-assets member business lending cap. Click here to read Royce’s letter.

If H.R. 4226 is enacted, it would allow credit unions to lend an estimated additional $11 billion to small businesses nationwide. The bill also authorizes the National Credit Union Administration (NCUA) to apply strict underwriting and servicing requirements for the loans.

House Committee Passes CU FHLB Legislation
The House Financial Services Committee held its first major mark-up of the year last week and passed H.R. 3584, legislation to allow privately insured credit unions to apply for membership in the Federal Home Loan Bank (FHLB) system. The 55-0 vote was enough to move this measure to the floor of the House.

This legislation is a technical fix that has passed the House of Representatives twice in prior sessions of Congress. Between California and Nevada, there are 19 credit unions of the more than 130 nationally that are primarily insured by American Share Insurance (ASI), based in Dublin, OH.

H.R. 3584 now moves to the House floor, where other credit union bills that were passed out of the financial services committee await. The bill states that a privately insured credit union will be considered to have met the eligibility criteria for FHLB membership if—six months after its application date—the state supervisor has failed to act upon the application. If H.R. 3584 is approved by the full House, it will move to the Senate for consideration.

 
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Grassroots Advocacy
Grassroots Advocacy efforts connects you to your government. Whether issues arise at the Federal or State level, you can be an advocate for your credit union by participating in our programs. Using traditional Grassroots tactics, the Leagues connects you to our cause.
 
PAC Programs

Political Action Committees are organized for the purpose of raising and spending money to elect and defeat candidates, representing business, labor or ideological interests.

Talking Points
If your credit union would like talking points for an issue, such as member business lending (MBL) or supplemental capital, the Leagues' Consumer Advocacy Department can develop one to suit your particular needs. Please contact Public Affairs and Consumer Advocacy Specialist Tina Ramos-Ingold at tinar@ccul.org, or by phone at 909-212-6050.