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CUs TO ENGAGE MEMBERS IN CAMPAIGN
updated 08/22/13 09:30 AM
Tax Advocacy Efforts Heat Up
The Summit Round Table—a body of the 50 largest League-member credit unions in California and Nevada—has pledged to engage at least 5 percent of its credit union members in the Don't Tax My Credit Union campaign by making sure letters are sent to Congress through Connect For The Cause, the Leagues' easy-to-use grassroots website.

This commitment represents a powerful effort to secure participation from hundreds of thousands of credit union members across both states.

"I'm impressed by the level of commitment of these credit unions to the 'Don’t Tax My Credit Union' campaign and their pledge to persuade 5 percent of their membership to send letters to legislators," said Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues. "I encourage all other credit unions, no matter how small or large, to continue to spread the word to their membership on this important campaign to preserve our tax-exempt status."

So far this year, credit union members in California and Nevada have sent 145,000 letters to legislators encouraging them to support the credit union movement's tax-exempt status. Nearly 100,000 of these contacts were sent via Connect For The Cause.

With the August congressional recess coming to an end, the next 10 days are imperative for credit unions to reach out to their members. Credit unions can easily access the tools they need by visiting the Leagues' Don't Tax My Credit Union webpage.

"Remember: Any and all letters that are sent do count," Dykstra said. "We value all of your efforts thus far in this fight."

                           
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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.