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California & Nevada

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

RBC: CUs COMMENT, BUT MORE NEEDED
updated 05/13/14 09:57 AM
D'Amato Says NCUA Exceeding Authority
As the comment deadline draws near for the National Credit Union Administration’s proposed risk-based capital rule, current and former members of Congress are speaking up on behalf of credit unions.

Last week, former U.S. Senator Alfonse D’Amato (1981-99, NY) wrote to the NCUA, outlining how the agency has exceeded its legal authority in proposing a two-tier risk-based standard—one for “adequately capitalized” and one for “well-capitalized” credit unions. D’Amato chaired the Senate Banking Committee during the passage of H.R. 1151, and spearheaded changes to the Federal Credit Union Act, including those on Prompt Corrective Action (PCA).

He states in the letter, “If we had intended there should also be a separate risk-based requirement to be well capitalized (in addition to the 7 percent net-worth ratio), we would have said so.”

To read D’Amato’s letter, click here.

Lawmakers Express Concern
Additionally, as of Monday evening, 324 members of Congress (of the current 432) have signed on to a letter expressing similar concerns. The final letter will be made available later this week. From the California (44 of 53) and Nevada (4 of 4) delegations, all but nine members have signed the letter.

“This is a historic moment for credit unions and Congress, as many on Capitol Hill do not recall a time when this many members of the House of Representatives supported a single issue,” said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. “When Congress intervened over the implementation of BASEL III for banks, only 208 members of Congress signed that letter.”

More Comment Letters Needed
Sharon Lindeman, vice president of regulatory advocacy for the Leagues, said credit unions’ work is “far from over.” As of Monday evening, only 300 comment letters had been submitted nationwide to the NCUA—and the comment period ends May 28. Of the 300, 27 are from California and Nevada credit unions. In addition, another 25 have committed to writing a letter.

“During the banks’ struggles with BASEL III, more than 2,000 banks submitted comment letters by this point, representing roughly one-third of their industry,” Lindeman said. “Regardless of the impact on your credit union, if the industry response is nominal, the NCUA will simply dismiss the voice of credit unions.”

Under the NCUA’s proposal, a “well-capitalized” credit union would need a statutory net-worth ratio of 7 percent and a higher risk-based capital ratio of 10.5 percent of equity-to-risk assets. Congress did not intend a separate risk-based capital ratio for well-capitalized credit unions. This goes against the current Federal Credit Union Act and system of Prompt Corrective Action.

“The Leagues are asking credit unions, regardless of size and immediate impact from the rule, to speak up today,” Lindeman said.

The NCUA must hear from more credit unions by the May 28 deadline. Credit unions can visit PowerComment.org, which provides resources to understand the proposal and simplifies the letter writing process.

 
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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.