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 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.
|L-R: Reps. Ed Royce, R-CA, and Brad Sherman, D-CA|
Royce voiced concern that the risk weights applied to residential mortgage loans and member business loans under the proposal do not reflect actual risk, nor are they comparable to the community bank system.
Click here to view a video of Royce's questions and answers.
Sherman also showed concern during the hearing and questioned McKenna on the proposed rule's effectiveness.
The Credit Union National Association (CUNA) has said the proposed rule could prove costly for many credit unions nationwide, forcing them to collectively increase capital levels by $7.3 billion to maintain current margins above the proposed "well capitalized" thresholds.
Political Action Committees are organized for the purpose of raising and spending money to elect and defeat candidates, representing business, labor or ideological interests.