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Reps. Jared Huffman, D-CA, and Colonel Paul Cook, R-CA

LEGISLATORS SUPPORT CU TAX STATUS
updated 10/25/13 09:36 AM
Congressional Freshman Send Letter
Eleven of 14 California freshman members of Congress have sent a letter to the California congressional leadership and the House Ways and Means Committee in support of credit unions' federal tax exemption.

Led by Reps. Jared Huffman, D-CA, and Colonel Paul Cook, R-CA, the letter praises the role credit unions provide to communities and justifies the credit union tax status.

"This is another example of how the California congressional delegation continues to show their strong support for credit unions," said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. "Support letters such as these help defend the credit union movement's tax status."

The House Ways and Means Committee, as well as the Senate Finance Committee, have been working on reforming the U.S. tax code.

"We continue to work diligently on your behalf, and we thank you, our members, for your continued support in this vital endeavor," Empol said.

Click here to view the letter.

For questions, please contact Jeremy Empol at jeremye@ccul.org

 
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THE HOME EQUITY OPPORTUNITY IS BACK updated 09/29/14 11:10 AM
However, 1st Mortgage Originations Drop
Even as total real estate loans for California credit unions in the second quarter of this year matched the all-time high in late 2008, it’s a different story for the “other real estate loans” category—primarily home equity loans, which are off by 38 percent.

2014 CU STAFF COMPENSATION SURVEY updated 09/29/14 10:16 AM
Now Available—Order Yours Today
As the economy continues to push forward, credit unions need a trusted employee compensation rulebook they can consult.

PROACTIVE WAYS TO BUILD CU CHAMPIONS updated 09/29/14 10:02 AM
Building Relationships is Vital
Credit union leaders passionate about political advocacy recently met with candidates throughout California and Nevada to show the industry’s support of their campaigns, including Rep. Tony Cardenas, D-CA, Brian Sandoval, governor of Nevada, and Pat Bates, candidate for California State Senate District 36 and current fifth district county supervisor for Orange County.

SUCCESSION PLANNING: CRITICAL AREAS updated 09/29/14 09:37 AM
Meet Your CU’s Needs
What is succession planning? And is there a regulation requiring credit unions to have a succession plan in place?