|L-R: Rep. Brad Sherman, D-CA; Rep. Tom McClintock, R-CA; Diana Dykstra, President and CEO of the California and Nevada Credit Union Leagues; and Rep. Ami Bera, D-CA|
|L-R: Senate Majority Leader Harry Reid, D-NV, discusses credit union legislation with Nevada Credit Union League Chairman and Clark County CU CEO Wayne Tew (left) and other Nevada credit union CEOs and executives.|
|L-R: Shruti Miyashiro, CEO of Orange County's CU; Diana Dykstra; and Teresa Halleck, Chairman of the California Credit Union League and CEO of San Diego County CU|
CU LEADERS IMPRESS LAWMAKERS ON HILL
updated 03/05/13 10:37 AM
MBL, Supplemental Capital Discussed
Nearly 180 California and Nevada credit union executives and board members attended the Credit Union National Association's 2013 Governmental Affairs Conference (GAC) in Washington, D.C. last week, meeting with legislators on the importance of retaining the movement's federal corporate income tax exemption, as well as passing member business lending legislation.
Members of congress—as well as legislative aides—were impressed during visits at everything credit unions in California and Nevada are accomplishing within their individual communities, whether working with members on their mortgages or taking the initiative to be good community stewards.
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The Issues at Stake
During legislator visits on Capitol Hill, credit union groups also stressed the importance of supplemental capital for the industry and voiced support for The Capital Access for Small Businesses and Jobs Act, which Rep. Brad Sherman, D-CA, recently reintroduced in the House of Representatives. The bill would permit the National Credit Union Administration to allow credit unions to accept additional forms of capital, and is identical to legislation introduced last session.
Sherman also recently reintroduced The Eliminate Privacy Notice Confusion Act, which would make significant improvements in privacy notices for consumers.
The political debate over housing finance reform is still taking shape. Credit union advocates are working to ensure the movement gets its rightful place at the discussion table, as the federal government decides how to handle government-sponsored enterprises Fannie Mae and Freddie Mac, as well as other mortgage and consumer financial issues.
California and Nevada
California legislators speaking during GAC's general session on Tuesday and Wednesday included Reps. Kevin McCarthy, R-CA; Ed Royce, R-CA; Brad Sherman, D-CA; and Maxine Waters, D-CA (ranking democrat on the House Financial Services Committee). Before and after speaking, they shook hands with credit union CEOs and board members from across California, giving those attendees a positive touch-point.
Additionally, the California Credit Union League held a successful fundraiser earlier that morning for another House co-sponsor and credit union supporter, Rep. John Campbell, R-CA, who was very gracious.
Credit Union House
Credit Union House buzzed with chatter as the following members of Congress stopped by on Wednesday night to address advocates: Reps. Grace Napolitano, D-CA; Janice Hahn, D-CA; Ami Bera, D-CA; Brad Sherman, D-CA; Tom McClintock, R-CA; and Dana Rohrabacher, R-CA. These legislators reiterated their support for credit unions as the so-called "sequester" budget cuts loomed during that week over Capitol Hill and the White House.
CUNA President and CEO Bill Cheney also stopped by to address supporters, saying that CUNA, the California and Nevada Credit Union Leagues, and other state leagues are marching forward in 2013 with a strong credit union message that lawmakers are taking note of, especially since many credit union members are constituents in their respective districts.
Leagues President and CEO Diana Dykstra spoke as well. "Overall, the tone from lawmakers we visited was more positive than in the past two years," Dykstra said in a special message sent to members later that week. "Once again, I saw that with a focused message and a strong turnout, credit unions can cut through the political clamor and leave a strong impression. Participating in events like GAC and the Government Relations Rally (GRR) turns lukewarm credit union supporters into good ones, and good supporters into great ones. Thank you for your support, and let's continue reaching out whenever we can."
SAN GABRIEL VALLEY ECON. OUTLOOK updated
04/22/15 02:33 PM
What You Missed
The California Credit Union League attended the San Gabriel Valley Economic Outlook event on April 21 and share gained insights with its members.
CUNA JOINS HOME DEPOT LAWSUIT updated
04/16/15 03:30 PM
Association Rallies with CUs
The Credit Union National Association (CUNA) has joined forces with the California and Nevada Credit Union Leagues, credit unions, and other financial institutions as a plaintiff in a class action lawsuit against the Home Depot.
SUCCESS AT ‘SACTOWN’ AND GRR updated
04/16/15 02:46 PM
April 12-14 in Sacramento
The annual Credit Union SacTown Ten-Mile Run and the California Government Relations Rally (GRR) were huge successes. Hundreds of credit union leaders, professionals, and volunteers convened in Sacramento to participate in these consecutive events on April 12-14. Collectively, our efforts will help change lives and make a positive impact on the movement.
SOCIAL MEDIA TIPS FOR TAX DAY updated
04/15/15 12:06 PM
CU Members Paid $1.2T in Taxes in 2014
Today is tax day! Nearly 102 million credit union member owners paid $1.2 trillion in taxes in 2014. In California alone, 9.9 million members paid $127 billion in taxes, while in Nevada 330,000 members paid $3.9 billion in taxes.
‘SACTOWN 10’ TROPHY AWARDED updated
04/15/15 01:32 PM
Rep. Ken Cooley Claims Prize
Following a legislative meeting during the California Government Relations Rally on April 14, League members presented Assemblyman Ken Cooley (D-Rancho Cordova) with this year's Legislative Team Traveling trophy. The trophy is awarded to the legislative team with the best combined run time in the Credit Union SacTown Ten-Mile Run’s five-mile team run.
JAN OWEN: STATE CUs STRONG, GROWING updated
04/14/15 10:29 AM
Mentions Joint Exams, Advisory Board Seat
The health of state-chartered credit unions in California is strong, with the average net worth ratio at 11.2 percent, according to Jan Owen, commissioner for the California Department of Business Oversight (DBO). She spoke at the California Credit Union League’s 2015 Government Relations Rally (GRR) on Tuesday morning.
POLITICAL ARENA SHAPES CU ADVOCACY updated
04/14/15 09:48 AM
Jim Brulte Addresses GRR Attendees
California Republican Party Chairman Jim Brulte helped kick off the California Credit Union League's 2015 Government Relations Rally on Monday afternoon, giving attendees a taste of how the state and federal political environments have evolved over the past few decades, and what it means for credit union leaders when they visit state legislators.
CFPB—WHAT DID YOU SAY? updated
04/14/15 02:17 PM
Consumers To Share Complaint Stories
In July 2014, the Consumer Financial Protection Bureau (CFPB) proposed a policy that would allow consumers to publicly share their stories when they submit complaints to the bureau. Recently, the CFPB has now finalized its consumer narrative policy.
'SACTOWN' RAISES NEARLY 200K FOR CMN updated
04/13/15 04:59 PM
Benefits Children’s Hospitals in CA, NV
The fourth annual Credit Union SacTown Ten-Mile Run—which took place Sunday in downtown Sacramento—raised more than $195,000 for Children’s Miracle Network Hospitals (CMN) in California and Nevada.
PRIVATELY-INSURED CUS JOIN FHLB updated
04/13/15 03:21 PM
House Passes H.R. 299
The House passed the Capital Access for Community Financial Institutions Act of 2015 (H.R. 299), a bill that would allow privately-insured credit unions to join the Federal Home Loan Bank (FHLB) program. According to Rep. Steve Stivers (R-Ohio), the bill would give 1.2 million credit union members greater access to credit.
‘SACTOWN 10’ RAISES $200K SO FAR updated
04/10/15 11:23 AM
Race is April 12, 2015
The credit union community will be out in force for the first of four events that represent the Credit Union Miracle Day Family of Races benefitting Children’s Miracle Network Hospitals: the Credit Union SacTown Ten-Mile Run in Sacramento, CA and Credit Union Cherry Blossom Ten-Mile Run in Washington, D.C.—both happening on April 12.
CA ECONOMY: MAJOR GROWTH PREDICTED updated
04/09/15 08:15 AM
Two Forecasts Talk Jobs, Wages, More
Stop calling it a “recovery”—the California economy is in expansion mode, and it won’t taper for the foreseeable future.
NCUA UPDATES SECONDARY CAPITAL updated
04/09/15 01:44 PM
Federation Applauds Efforts
The National Credit Union Administration (NCUA) has announced major improvements to secondary capital, which will spur greater investment into the credit union system. The NCUA's Supervisory Policy Manual revisions will provide clear steps for Low Income Designated (LID) credit unions to apply and be approved for pre-payment of secondary capital. The National Federation of Community Development Credit Unions (Federation) is pleased with the NCUA’s action.
CO-OP DECLARES $29.2M DIVIDENDS updated
04/08/15 02:10 PM
Has Nearly 1,200 Shareholding CUs
CO-OP Financial Services announced a shareholder dividend pool of $29.2 million for 2014, bringing its total shareholder patronage amount to $314.1 million since 1996. Additionally, the year was marked with new records, partnerships, and products for the CUSO.
CUs, LEAGUES, AND NCUA MEET updated
04/06/15 11:18 AM
Exam Survey and IRR Discussed
Representatives from the California and Nevada Credit Union Leagues joined other state league and credit union leaders in meeting with National Credit Union Administration (NCUA) Region V Director Liz Whitehead and her staff last Friday in Arizona.
REGISTER NOW FOR NEXT WEEK'S GRR updated
04/06/15 03:04 PM
Highly Anticipated Event This Year
The most important state advocacy event of the year for credit unions takes place NEXT WEEK—the California Government Relations Rally (GRR) in Sacramento.
APRIL: FINANCIAL LITERACY MONTH updated
04/02/15 02:39 PM
CUNA and NCUF Celebrate
April is dubbed National Financial Literacy Month and National Credit Union Youth Month. It signifies a time for credit unions and organizations to engage with their members—particularly youth—about the importance of financial literacy.
LATEST ‘MEMBERS FIRST IN ACTION’ updated
04/01/15 12:47 PM
Q4 Activities from the Leagues
In this Members First In Action update, we recap the first quarter and year-to-date benefits extended to your credit union as a valued member of the California and Nevada Credit Union Leagues and Credit Union National Association (CUNA).
‘SACTOWN’ FEATURED ON TODAY SHOW updated
04/01/15 03:35 PM
Local Race Part of National Effort
The annual Credit Union SacTown Ten-Mile Run has been selected as a flagship race by the TODAY Show as part of its health-focused national #RunforTODAY program. In partnership with local NBC-affiliates, the program is aimed at empowering women across the country to get fit this spring.
CONGRESSMAN VISITS SAN DIEGO CUs updated
04/01/15 03:18 PM
Rep. Xavier Becerra Talks Industry Issues
Rep. Xavier Becerra (D-Los Angeles) held a series of meetings in San Diego on March 30, the first of which was with credit union leaders.
CA GRR: JIM BRULTE AND JAN OWEN updated
03/31/15 11:37 AM
Exciting Guest Speakers
This year’s California Government Relations Rally (GRR) from April 13-14 in Sacramento will feature guest appearances by Jim Brulte, chairman of the California Republican Party, and Jan Owen, commissioner of the California Department of Business Oversight (DBO).
LEAGUES TO MEET WITH WHITEHEAD updated
03/31/15 10:29 AM
Exam Survey in Focus
National Credit Union Administration (NCUA) Region V Director Liz Whitehead and her senior staff will meet with representatives from the California and Nevada Credit Union Leagues and other state leagues in Arizona this coming Friday to discuss credit union issues, including the examination process.
LEAGUES’ VP RECEIVES CMBDC AWARD updated
03/31/15 01:52 PM
Carol Payne Inducted into Hall of Fame
Carol Payne, vice president of communications and marketing for the California and Nevada Credit Union Leagues, was inducted into the CUNA Marketing and Business Development Council’s (CMBDC) Hall of Fame during its annual conference held March 25-28, 2015 in Las Vegas, NV.