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L-R: Diana Kot, Vice President of Membership Development and Advocacy for SchoolsFirst FCU; Rep. Xavier Becerra, D-CA; and Josh Smith, Advocacy Officer for SchoolsFirst FCU

CONGRESSMAN HOLDS TOWN HALL EVENT
updated 08/14/13 10:59 AM
CU Tax Exemption Mentioned
August is here, which means members of Congress are on recess in their home districts across California, Nevada, and the entire nation. It's an important period credit unions can use to reaffirm the "Don't Tax My Credit Union" message to representatives in both states.

Three California credit union leaders recently attended a town hall meeting in Los Angeles hosted by Rep. Xavier Becerra, D-CA, where the credit union movement's tax exemption was briefly discussed in front of an audience of nearly 200 people.

"While Congressman Becerra did not say he would keep the credit union tax exemption off of the table in the upcoming October-November mark-up of tax reform legislation, he did say he believed in the credit union model," said Robert York, chief marketing officer for CalCom FCU, as he described Becerra's response to York’s question.

York added: "He said there are some very big credit unions across the country that could set the stage for a divide-and-conquer strategy, where credit unions above a certain asset size would be taxed while smaller credit unions would not be taxed."

The latter is a move that's already supported by the Independent Community Bankers of America (ICBA) "to create a war among credit unions," York said.

Becerra is on the House Ways and Means Committee, which is drafting a tax reform package. It may or may not include the credit union tax exemption. Becerra is also chairman of the Democratic Caucus, which makes him a key player in the credit union movement's fight to save its tax exemption.

Also attending the town hall were Diana Kot, vice president of membership development and advocacy for SchoolsFirst FCU, and Josh Smith, advocacy officer for SchoolsFirst FCU.

 
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SPEAKER DELVES INTO DATA PRIVACY updated 10/22/14 11:57 AM
The Credit Union Connection
As the Big Data Panel during REACH 2014 kicked off on Wednesday, it was apparent “big data” is everywhere and infiltrates all facets of our lives. But how much do consumers value their privacy, and what does it mean for credit unions?

SOCIAL CHARM: INGREDIENT FOR SUCCESS updated 10/22/14 07:59 AM
Chen Lizra at REACH
“Engagement” is one of the top buzz words circulating around REACH 2014—and TED speaker, business consultant, and author Chen Lizra shared some unique insights during the general session on Tuesday. Her buzz word: “social charm.”

INNOVATION PANEL SPURS TAKE-AWAYS updated 10/22/14 05:21 PM
Three CU Industry Perspectives
Attendees at REACH 2014 received a plethora of ideas from Tuesday’s innovation panel to take back to their credit unions—not the least of which included more interaction between employees and leaders, and free-flow of ideas from the bottom up.

WHAT 'REACH' MEANS TO YOUR CU updated 10/22/14 05:00 PM
Unique Cross Section of Opinions
What’s your perspective of “REACH”? And what does it mean to your credit union? On Monday afternoon, the California and Nevada Credit Union Leagues’ 2014 Annual Meeting and Convention was in full swing—so we asked several attendees at this year’s REACH conference their opinion.