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NATIONAL CU TAX ADVOCACY PLAN COMING
updated 05/14/13 12:16 PM
Leagues, CUNA Prepare for Defense
As congressional legislators meet to consider bipartisan tax reform, the credit union not-for-profit tax status must be explained and defended in Congress, according to discussions between state leagues and the Credit Union National Association (CUNA) on Tuesday morning.

Participants on the phone call agreed that in order to accomplish this, credit unions must unite to show the massive grassroots strength they possess.

To that end, CUNA President and CEO Bill Cheney will hold a webinar on May 22 at 11 a.m. (Pacific) outlining the current threat to the credit union movement's tax status. It will give details regarding the national “Don’t Tax My Credit Union” campaign, as well as highlight how credit unions can engage and activate to protect their tax status. CUNA’s webinar will be an important first step in laying out how the credit union movement can protect its tax status in Congress. Click here to register for this webinar

California and Nevada Credit Union Leagues President and CEO Diana Dykstra will also be communicating with League members in the coming days. Details on a step-by-step grassroots plan of action, including helpful materials and resources, will be provided by League staff thereafter.

"Together and united, we can reshape the current tax dialogue in Washington, D.C. as it applies to credit unions," Dykstra said. "A massive and coordinated grassroots effort will be required to achieve this goal. If successful, however, it will not only protect our tax status, but will establish a stronger credit union profile in Congress for years to come."

                           
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LEADERS ENGAGE WITH STATE LAWMAKERS updated 04/15/14 09:44 AM
Card Security a Hot Topic
Credit union professionals and volunteers took a stand for their members in Sacramento from April 7-8 during the California Credit Union League’s 2014 Government Relations Rally (GRR)—an event that attracted more than 75 attendees and helped build relationships with state legislators.

CO-OP ANNOUNCES SHAREHOLDER DIVIDEND updated 04/14/14 01:37 PM
Patronage Pool of $30.5 Million
CO-OP Financial Services has announced a shareholder dividend pool of $30.5 million for 2013—a 17 percent increase from 2012. Since becoming a credit union-owned cooperative in 1996, CO-OP’s total shareholder patronage has been $284.8 million.

DBO REPS ADDRESS 'CUOLI' INVESTMENTS updated 04/14/14 01:05 PM
State CU Update Given
California Department of Business Oversight (DBO) Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave attendees an overview of the department during the California Credit Union League’s 2014 Government Relations Rally (GRR) last week in Sacramento and welcomed questions from attendees.

CONGRESSMEN CONCERNED OVER RBC RULES updated 04/09/14 01:18 PM
Questions Arise During Hearing
Reps. Ed Royce, R-CA, and Brad Sherman, D-CA, questioned National Credit Union Administration (NCUA) General Counsel Mike McKenna on the effectiveness of the NCUA's proposed risk-based capital rule during a House Financial Services Committee hearing last week.