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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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WCMS WELCOMES NEW BOARD MEMBER updated 12/19/14 11:02 AM
Mountain West CU Assoc. CEO Joins
Mountain West Credit Union Association President and CEO Scott Earl recently joined the Western CUNA Management School (WCMS) Board of Trustees.

SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.