CUs Urged to Mobilize Members in Reg Relief Campaign

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The U.S. Senate is preparing to act on a package of legislation containing regulatory relief for smaller financial institutions—and unlike past failed attempts, this bill (S. 2155) has a legitimate chance.

In the Senate, a bill usually needs 60 votes to pass. At this moment, S. 2155 has enough bi-partisan support to reach the 60-vote threshold, according to Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues in a special message to credit union leaders this week.

“If we act now, we have an unprecedented opportunity to ease the burden for our credit unions and members,” Dykstra said.

To ensure swift action, credit unions are organizing a national grassroots campaign to show support. But to make the necessary impact on the Senate, millions of communications are needed to land on Capitol Hill soon.

The Leagues are launching the first step of this campaign and need credit unions to mobilize their members:

  • Click here for a sample email your credit union can send to your membership. The email directs your members to the Leagues’ legislative action webpage, www.ConnectForTheCause.com. It is crucial that this outreach to your members be completed in the first two weeks of January since U.S. senators need to receive a large volume of letters in a compressed time frame.

  • The message is simple: “Support my credit union by voting YES on S. 2155.” Connect For The Cause, the Leagues’ grassroots action page, simplifies your contact to Congress. The system will not retain any record of your member, unless your member explicitly opts-in. The only information retained is collected at the request of the senator or representative. Once the campaign is concluded, the Credit Union National Association (CUNA) will credit you as having participated in its Member Activation Program (MAP), which is the on-going education program for credit unions.

“Everyone is tired of gridlock in Washington, and this legislation is the first meaningful piece of legislation to enjoy broad bi-partisan support in recent history,” Dykstra said. “While it won’t eliminate all the regulatory overreach, it will start moving things back in the right direction for community institutions.”

If you have any questions, please contact Jeremy Empol in the Leagues’ Advocacy Division.

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