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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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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.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!