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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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SAN MATEO CU CEO TO RETIRE updated 08/29/14 04:49 PM
Barry Jolette Served 27 Years
San Mateo CU board of directors announced its CEO Barry Jolette will retire after 27 years of service. He has demonstrated a close dedication to the credit union movement through his various leadership roles on local, national, and international levels. He served as the California Credit Union League Chairman in 1996; and in 1997, he was elected to the Credit Union National Association board of directors and named its chair in 2001 (until 2003)..

NCUF RELEASES ANNUAL REPORT updated 08/29/14 02:44 PM
Activities From Last 12 Months
The National Credit Union Foundation (NCUF) released its 2013-2014 Annual Report, entitled “Improving People’s Financial Lives through Credit Unions.” The report highlights the organization's program and grant activities during the past 12 months.

WEEKLY E-FILING BILL SIGNED INTO LAW updated 08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.

RMJ GOLF TOURNAMENT RAISES 41k updated 08/27/14 12:56 PM
Event Attracts Nearly 100 Players
The Richard Myles Johnson Foundation/CUNA Mutual Golf Tournament, held Aug. 18 at the Newport Beach Country Club in Newport Beach, CA, raised $41,000 for the state foundation for credit unions in California and Nevada.