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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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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.

NEW STATE LAWMAKERS SHAPE DIRECTION updated 08/27/14 08:24 PM
California Assembly and Senate
New leadership in California will help form the state’s priorities in the coming years. Here’s what your credit union needs to know:

CFPB ISSUES FINAL 'TILA' ADJUSTMENTS updated 08/24/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.