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CAMPAIGN SENDS MESSAGE TO CONGRESS
updated 07/09/13 08:27 AM
But Many More Letters Needed
California and Nevada credit unions participating in the Don't Tax My Credit Union campaign can be proud of their members, who have sent 96,000 letters to Congress and delivered a strong, unified message. However, another 404,000 are needed to make the desired impact on lawmakers.

Over the past several weeks, the California and Nevada Credit Union Leagues have stressed that EVERY credit union, both small and large, can play a vital role in defending the movement's tax-exempt status by implementing a few simple steps from the Don't Tax My Credit Union campaign. At the very least, credit unions can promote Connect For The Cause to engage members, a simple online tool allowing them to instantly raise their voice within seconds.

"Whether you have hundreds of members or tens of thousands of members, your involvement is absolutely vital," said David Creager, manager of grassroots advocacy for the Leagues. "Our worst-case scenario would be waking up one day to witness Congress taking action to tax credit unions, and realizing that some credit unions could have—and should have—made a difference with their members of Congress."

Those 80,000 member contacts to Congress from California and Nevada are part of 300,000 across the country in the national Don't Tax My Credit Union campaign that the Credit Union National Association (CUNA) and state leagues are promoting.

The following are House congressional district seats receiving the lowest volume of letters from California and Nevada credit unions:

  • NV01 – Dina Titus, Southern Nevada
  • CA23 – Kevin McCarthy, Bakersfield
  • CA09 – Jerry McNerney, San Joaquin County
  • CA01 – Doug LaMalfa, Northeast California
  • CA34 – Xavier Becerra, Downtown Los Angeles
  • CA16 – Jim Costa, Merced
  • CA10 – Jeff Denham, Modesto
  • CA20 – Sam Farr, Monterey
  • CA29 – Tony Cardenas, East San Fernando Valley
  • CA22 – Devin Nunes, Fresno
  • CA21 – David Valadao, Kings County

"We can't afford to waste this pivotal opportunity to build our political strength," Creager said. "Only by growing our profile and gathering more access and influence on Capitol Hill can we permanently guarantee that credit unions will remain safe."

For credit unions needing assistance in reaching out to their members, please contact David Creager at dcreager@ccul.org.

 
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MCWATTERS DISSENTS ON BUDGET VOTE updated 11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.

ANNUAL FED WEBINAR ON REGS, GUIDANCE updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

NEW EMPLOYMENT LAWS FOR 2015 updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.

DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated 11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.