|L-R (clockwise): Sen. Dianne Feinstein, D-CA; Rep. Doug LaMalfa, R-CA; Rep. Tom McClintock, R-CA; and Rep. Dina Titus, D-NV|
CUs GAIN CONGRESSIONAL SUPPORT
updated 08/21/13 08:15 AM
Political Muscle Strengthens
California and Nevada credit unions have left no stone unturned during the congressional August recess.
The California and Nevada Credit Union Leagues and its member credit unions have participated in 17 different interactions with their respective congressional delegations, including town hall events, "Congress on Your Corner" gatherings, district meetings, and political events.
While the next two weeks are imperative for credit unions to engage their members in the "Don't Tax My Credit Union" message, those in California and Nevada can be encouraged by the fact that congressional legislators in both states "sent some pretty supportive signs before leaving Washington, D.C.," said Jeremy Empol, vice president of federal government affairs for the Leagues.
"The August recess is traditionally when Congress is at home with constituents," Empol said. "The congressional delegations for California and Nevada were pretty busy over the past few weeks."
Even as the tax fight remains the industry's top issue, the Leagues are monitoring other pro-credit union legislation that California and Nevada credit unions have so ardently advocated for over the past year. Before departing Capitol Hill, Sen. Dianne Feinstein, D-CA, co-sponsored S.968, the member business lending bill.
On the House side, freshman Rep. Doug LaMalfa, R-CA, became California’s 35th member (out of 53) to co-sponsor H.R. 688, the House companion to S.968. Additionally, Reps. Tom McClintock, R-CA, and Dina Titus, D-NV, co-sponsored H.R. 719—legislation authorizing supplemental capital for credit unions.
"All of these successes are important," Empol said. "However, with the threat of credit union taxation looming in the halls of Congress, the Leagues’ government affairs team is leaving no stone unturned. The 'Don’t Tax My Credit Union' campaign will really light up when Congress returns, as the first tax reform bill is slated for consideration in the House Ways and Means Committee sometime in October."
He added: "Our credit unions are participating in district meetings, town halls, 'Congress on Your Corner' events, and at every other opportunity to get in front of members of Congress during this recess."
The August recess will culminate with the Leagues’ "Hike the Hill" on Sept. 9-11, which is the first week Congress reconvenes in Washington, D.C.
ENTER THE 'WE OWN OUR BANK' CONTEST updated
08/31/14 03:36 PM
Submit your favorite summer photo
Don’t miss out on the chance to participate in the "We Own Our Bank" summer photo contest and win an iPad Mini!
ASI: NO SPECIAL ASSESSMENT FOR 2014 updated
08/29/14 08:40 AM
Performance Offsets Charge
Dennis Adams, CEO of American Mutual Share Insurance Corp. (ASI), announced to member credit unions that there would be no Special Premium Assessment (SPA) in 2014 by the nation’s private share insurer.
SAN MATEO CU CEO TO RETIRE updated
08/29/14 04:49 PM
Barry Jolette Served 27 Years
San Mateo CU CEO Barry Jolette will retire after 27 years of service. He has demonstrated a close dedication to the credit union movement through his various leadership roles on local, national, and international levels.
NCUF RELEASES ANNUAL REPORT updated
08/29/14 02:44 PM
Activities From Last 12 Months
The National Credit Union Foundation (NCUF) released its 2013-2014 Annual Report, entitled “Improving People’s Financial Lives through Credit Unions.” The report highlights the organization's program and grant activities during the past 12 months.