|L-R: Ron Stratman, Chief Marketing Officer for California CU; Assemblyman Mike Gatto, D-Los Angeles; Diana Dykstra, President and CEO of the California and Nevada Credit Union Leagues; and Ron McDaniel, CEO of California CU and Chairman of the Leagues' Government Relations Committee|
|Travis CU CEO Patsy Van Ouwerkerk (left) discusses credit union financial literacy efforts with Catherina Nou, capitol director for Assemblywoman Mariko Yamada, D-Solano.|
|California Credit Union League Chairman and San Diego County CU CEO Teresa Halleck (left)—along with Cabrillo CU CEO Robin Lentz (right)—talk with Bridget Kolakosky, legislative director for Assemblywoman Toni Atkins, D-San Diego.|
GRR: FIN. LITERACY MONTH SHOWCASED
updated 04/26/13 01:49 PM
Legislators Experience CU Philosophy
Credit union CEOs, executives, and board directors filled the halls of the California state capitol building during the 2013 California Government Relations Rally (GRR) last week, impressing upon assembly members and senators the successful financial literacy efforts credit unions are accomplishing within their districts.
CU Members, Districts, and Financial Literacy
Almost 80 participants—with fact sheets in hand detailing their respective credit union's outreach to local schools and organizations—discussed with lawmakers and legislative aides how credit unions are making a difference in local communities. Headlining their visit was the fact that April is Financial Literacy Month, giving credit unions an even bigger opportunity to spotlight their conversation with member-owners and non-members alike.
Positive educational programs weren't the only subject in focus, as CEOs also talked about the effort credit unions make to work with members during times of dire financial need, whether it's a car loan, mortgage, or other types of credit.
Several lawmakers and aides were receptive, acknowledging the credit union movement's continuing success on this front. Many said they realized credit unions work under a different philosophy than banks since the movement is built on a cooperative member-owned structure.
CEOs and board directors extended a welcoming hand to lawmakers, inviting them to visit their credit unions in the coming year. New relationships were forged with freshman members of the legislature, and ongoing relationships with incumbents were strengthened.
A New Political Environment
During the morning's briefing, California and Nevada Credit Union Leagues Vice President of State Government Affairs Melissa Ameluxen said there are 39 new assembly members and senators this year—and because of new California legislation passed by voters in 2012, these legislators' terms are 12 years instead of the usual 6 years incumbent lawmakers have been working under. The longer period gives members of both houses more time to craft legislation.
Although a democratic super-majority exists in both houses, it still takes two-thirds of the entire legislature to pass significant pieces of legislation. This new backdrop gives credit unions insight into the possible political challenges ahead as the state prepares to deal with a number of issues, including health care, privacy, the environment, and taxation.
So far this year, there have been 67 bills introduced—some eliminated, some mitigated, and some being watched by the Leagues—which would have impacted, or may still affect, credit unions. They include debt forgiveness, escheatment, university and college contracts, Iran sanctions, taxes on recorded losses, recovery of property, privacy policies, oral disclosures, repayment of California Department of Financial Institution (DFI) loans, and other issues.
The "hot topic" with both republicans and democrats is payday lending, an area some credit unions have used to teach members good habits regarding paying down debt.
Fundraiser for Assemblyman
In between legislative visits, a group of attendees joined the California Credit Union League Political Action Committee (PAC) in the Leagues' Sacramento office just blocks away from the capitol building to raise money for Assemblyman Mike Gatto, D-Los Angeles. Gatto is chairman of the Assembly Appropriations Committee and also serves on the Assembly Banking and Finance Committee.
A proven credit union friend, Gatto said he understands the unique roll credit unions play in their communities.
He was elected to office in a June 2010 special election. He represents Assembly District 43, which includes the cities of Burbank, Pasadena, Glendale, La Canada Flintridge, and parts of Los Angeles.
'Extremely Valuable' Support
Earlier that day, Leagues President and CEO Diana Dykstra and other League staff gave an update on system-wide credit union issues, including foreclosure legislation in several different states, as well as the possibility of Congress discussing the credit union industry's federal income tax exemption in light of ongoing U.S. fiscal budget issues. The Leagues remain committed to the success and survival of the industry, she said.
"Your support on this day is extremely valuable as we build relationships with individuals locally in the state—some of whom may eventually run for Congress and move to Washington, D.C. in the future," Dykstra said. "Your hard work really shows when our state legislators are glad to see us and want to talk with us. Keep up the good work."
LEAGUES TO CONGRESS: SUPPORT NEEDED updated
11/24/15 11:41 AM
NCUA's Charter and FOM Proposal
The California and Nevada Credit Union Leagues will be working with its congressional delegation from both states to enlist support for the National Credit Union Administration’s (NCUA) proposed rule on chartering and fields of membership.
NEVADA'S MOMENT IN THE SUN updated
11/24/15 08:17 AM
Local CU vs. Bank Footprint
Nevada credit unions could be on track to surpassing every other state as the No. 1 loan originator in the industry during the past quarter compared to a year ago—a trend that speaks of the deep, years-long financial rebuilding process taking place for residents living in one of the hardest hit regions during and after the Great Recession.
NCUA: FIELD OF MEMBERSHIP CHANGES updated
11/19/15 12:55 PM
CUs Encouraged to Comment
At the National Credit Union Administration’s (NCUA) board meeting this morning, the board issued a field of membership (FOM) proposal for comment. The California and Nevada Credit Union Leagues will carefully review the proposal and provide members with more information it the near future. Member credit unions are encouraged to consider and comment on the proposal, including support of positive changes and thoughts on how it can be further improved. Comments will be accepted for 60 days after the proposal is published in the Federal Register.
LEAGUES ADVANCE 'JUNTOS AVANZAMOS' updated
11/16/15 11:14 AM
SCE FCU Becomes First in CA
The California and Nevada Credit Union Leagues have announced a partnership with the National Federation of Community Development Credit Unions to help interested credit unions in both states become designated as “Juntos Avanzamos” (Together We Advance) organizations.
NCUA OPEN FORUM: 'LICU' DESIGNATIONS updated
11/16/15 02:25 PM
Upcoming FOM Considerations
At the National Credit Union Administration’s (NCUA) open forum on Oct. 30, a representative from the California and Nevada Credit Union Leagues asked for clarification on how and when the NCUA reviews low-income credit union designations.
AGENDA: BILLS TO KEEP CFPB IN CHECK updated
11/16/15 02:20 PM
House Lawmakers Return
On the House agenda for consideration in the coming days are two bills the California and Nevada Credit Union Leagues and the Credit Union National Association (CUNA) support as a means toward keeping the Consumer Financial Protection Bureau (CFPB) in check.
LEADERS MEET WITH REP. LINDA SANCHEZ updated
11/13/15 12:32 PM
Ten Different Credit Unions Represented
As reported earlier in the Leagues' Advocacy Blog, credit union leaders met today with Rep. Linda Sanchez.
NCUA POSTS RISK-BASED CAPITAL VIDEO updated
11/10/15 08:43 AM
Summary of Rule's Framework
Credit union managers, staff, and boards can learn more about the National Credit Union Administration’s (NCUA) risk- based capital rule and what to expect during its three-year implementation period in a new video recently released by the agency.
Nevada CU CEO Testifies at Hearing updated
11/09/15 12:23 PM
Regulations Facing CUs Discussed
The House Committee on Small Businesses held a subcommittee field hearing this afternoon in North Las Vegas. Representative Cresent Hardy (R-N.Las Vegas) as Chairman of the Subcommittee on Oversight, Investigation and Regulation invited Robin Simmers, CEO of Pahranagat Valley Federal Credit Union of Nevada to testify on the topic of overburdening regulations facing credit unions as both a financial institution and small business. In her testimony, Simmers raised several continual concerns addressing small and rural credit unions such as BSA compliance, one-size fits all rules in CFPB regulation, and examinations of smaller credit unions. A link to her written testimony (available in the days ahead) and details on the hearing can be found here.
LEAGUE PAC ACTIVITIES AT 'REACH' updated
11/09/15 12:09 PM
Golf Tourney; CU Leaders Honored
In addition to the array of speakers, REACH 2015 also featured a sold-out PAC Golf Tournament and credit union leaders and vendors being honored for their contributions to political advocacy.
NCUA's MCWATTERS, METSGER AT 'REACH' updated
11/09/15 11:16 AM
Board Members Discuss Topics
REACH 2015 attendees were treated to visits by both National Credit Union Administration (NCUA) Board Member Mark McWatters and Vice Chairman Rick Metsger during the conference. Below are some highlights.
SPEAKERS ENLIGHTEN 'REACH' ATTENDEES updated
11/09/15 04:03 PM
Impart Insightful Perspectives
Last week’s REACH 2015 featured an array of inspirational speakers who gave attendees ready-to-implement tactics and ideas to recharge their credit unions and rethink what’s possible.
APRIL RINNE: THE 'SHARING ECONOMY' updated
11/06/15 11:45 AM
Potential for Credit Unions
April Rinne—advisor on the “sharing economy” and young global leader for the World Economic Forum—brought the “REACH” conference to a close Friday by defining the sharing economy and exposing credit unions to how this growing sector of the world is making a fundamental paradigm shift in consumers and workers relating to each other.
SULLIVAN: YOU’RE A CORPORATE ATHLETE updated
11/06/15 11:41 AM
Managing Energy, not Time, is Key
Stacey Sullivan, performance coach with Johnson & Johnson’s Human Performance Institute, left “REACH” conference attendees with some insightful parting words in the second-half of Friday morning’s general session.
DAVE LOGAN: KNOW WHAT NOT TO CHANGE updated
11/06/15 11:13 AM
5 Stages Professionals Work In
Dave Logan, president of CultureSync, challenged attendees on the last day of the “REACH” convention to never change “things that always must stay the same—because they ground us and tell us who we are.”
PANEL: SOLVE YOUR MEMBERS' PROBLEMS updated
11/06/15 07:45 AM
Plus, REACH Innovation Group
Two significant innovation-centered segments during Thursday afternoon’s general session at “REACH” had audience members searching for how they could implement new concepts at their credit union.
CU LEADERS AWARDED: 'PAC' ADVOCACY updated
11/05/15 12:34 PM
California and Nevada Advocates
The California and Nevada Credit Union Leagues honored recipients of its annual PAC Awards (Political Action Committee) on stage during “REACH” on Thursday afternoon, paying tribute to the hard-working efforts of political advocacy.
NCUA'S MCWATTERS VISITS 'REACH' updated
11/05/15 12:32 PM
Advocates Better NCUA Communication
National Credit Union Administration (NCUA) Board Member Mark McWatters stopped by the California and Nevada Credit Union Leagues’ annual conference, “REACH,” to address credit union executives and board members regarding his agenda and the agency’s plans toward the end of the year.
SPEAKERS ENLIGHTEN ATTENDEES updated
11/05/15 12:31 PM
Pierce, Rutkowski, and Suber
Three outstanding innovators and thinkers took to the stage during Thursday morning’s general session at “REACH,” opening credit union leaders’ eyes to the possibilities of what role that crypto-currency, digital disruption, the “access economy,” and peer-to-peer lending might play in the industry.
LEADERS HONORED WITH LEAGUE AWARDS updated
11/05/15 12:31 PM
For Their Service and More
Six credit union leaders from California and Nevada were honored at a private reception and on stage during Thursday’s general session of “REACH” with the California and Nevada Credit Union Leagues’ annual “League Awards.”
PABLOS HOLMAN EXCITES 'REACH' CROWD updated
11/05/15 07:20 AM
'Invent' to Impact Community
Pablos Holman challenged Wednesday afternoon’s “REACH” audience during opening general session to “think about providing consumers what others can’t” and “what our relationship will be with change and disruption now and in the future.”
NCUA'S RICK METSGER AT 'REACH' updated
11/04/15 11:58 AM
Discusses MBL and FOM
National Credit Union Administration (NCUA) Board Member Rick Metsger visited a credit union volunteer reception and executive reception during this year’s “REACH” conference to foster the relationship credit unions have with their federal regulator.
SHAPIRO RECEPTION: HUB FOR SMALL CUs updated
11/04/15 11:56 AM
Leaders Look Back, and Forward
CEOs and other leaders from small credit unions—often cited the backbone and soul of the credit union industry—gathered at a special annual reception during “REACH” on Wednesday afternoon to honor how far they’ve come within their collaborative efforts, as well as take a peak into the future.
CMN DIAPER PROJECT GAINS SUPPORT updated
11/04/15 11:55 AM
'REACH' Attendees Participate
More than two dozen “REACH” attendees headed over to the Children’s Miracle Network (CMN) diaper project, where they put together diaper pins that were “premature” baby size—a remembrance of just how small a life can struggle with illness or disease.