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Relevant Information—For You, By You
David Creager, Manager of Grassroots Advocacy for the California and Nevada Credit Union Leagues

MORE LETTERS TO CONGRESS NEEDED
updated 10/16/13 04:05 PM
Next Few Weeks are Crucial
With the nation's debt-ceiling fight and government shutdown hanging over Congress and the White House, a "grand bargain" could be one option in the works.

California and Nevada credit unions are being urged now, more than ever, to contact their members of Congress.

"We need to redouble our efforts and send tens of thousands of additional letters to Congress in the next few weeks," said David Creager, manager of grassroots advocacy for the California and Nevada Credit Union Leagues. "If you have not taken action, or if your efforts have not netted the response you expected, now is the time to reach out to your members."

So far, more than 1 million have been sent to Congress nationwide—225,000 of which are from California and Nevada. But many more are needed, Creager said.

The fiscal battle on Capitol Hill comes 15 years after the passage of H.R. 1151, a sweeping grassroots movement that taught credit unions a valuable lesson: A crisis can result in important consequences caused by sweeping federal legislation. Without a strong voice in the process of reform, credit unions stand to lose valuable ground.

"Undoubtedly, it's good if Congress and the president work toward fixing structural problems in funding and taxation," Creager said. "Now, however, we have the frightening task of ensuring the credit union tax status is not wiped out during a potential late-night tax reform bargain."

He noted a recent letter sent to House Speaker John Boehner by Senate Majority Leader Harry Reid that signaled "all options are on the table."

"Once the principle decision makers get into a room to negotiate, we will have very little voice in the process," Creager said. "To that end, both parties must be in the credit union corner before talks begin."

For assistance in implementing the Don't Tax My Credit Union campaign at your credit union, contact David Creager at DCreager@ccul.org or 916-798-3367.

 
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NV LOAN GROWTH: PRE-RECESSION LEVELS updated 08/19/14 12:28 PM
California Lending Almost Doubles
Industry-wide loan growth at Nevada credit unions in the second quarter nearly hit levels unseen since the same period in 2005—a phenomenon mirroring a positive trend in California and across the nation.

REMOTE DEPOSIT CAPTURE FUNDAMENTALS updated 08/19/14 10:54 AM
Timing, Regs, and Risk Management
Remote deposit capture in home banking and mobile banking is quickly becoming a must-have feature. Although credit unions have many options for how to provide this service, questions abound regarding availability of funds and risk management.

CATALYST LOAN PROGRAM NEARS 50M updated 08/18/14 04:19 PM
California Credit Union Participation
Since its launch a few months ago, Catalyst Corporate FCU’s loan participation program has helped nearly two dozen credit unions—including California credit unions—sell and buy more than $46 million in loans.

CFPB LEADER HEARS OVERDRAFT CONCERNS updated 08/15/14 02:38 PM
Regulatory Issues Discussed
Minimizing the impact of current rules, pending proposals, and contemplated requirements were key themes of a meeting Wednesday between the Credit Union National Association (CUNA) and Consumer Financial Protection Bureau (CFPB).