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Rep. Ed Royce, R-CA

INSURANCE PARITY BILL MOVES FORWARD
updated 11/19/13 10:00 AM
CA Congressmen Support Legislation
The House Financial Services Committee recently passed H.R. 3468, the Credit Union Share Insurance Fund Parity Act. Authored by Rep. Ed Royce, R-Brea, this legislation will extend insurance fund coverage for Interest on Lawyer Trust Accounts (IOLTAs).

Click here to view a video of Royce commenting on H.R. 3468 during a committee meeting.

This bill is the first of many addressing regulatory relief measures for credit unions. As one of the 35 items proposed by the Credit Union National Association (CUNA) at a hearing earlier this year, the legislation is one of the smaller—yet significant—victories for credit unions.

"In Congress, small victories lead to larger congressional wins," said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. "We thank Congressman Royce for his support of credit unions."

H.R. 3468 will now head to the floor of the House where it will be scheduled for consideration. Royce was joined by Reps. Brad Sherman, D-Sherman Oaks, and Gary Miller, R-Redlands, as initial co-sponsors of this legislation.

If you have any questions, please contact Jeremy Empol at jeremye@ccul.org for more information.

 
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WCMS HONORS 2014 GRADUATING CLASS updated 07/29/14 09:58 AM
Weidler Receives 'Highest Honors'
Nearly 90 students from the “Mu” Class proudly received their Western CUNA Management School (WCMS) diplomas last Thursday night at Pomona College in Claremont, CA, where a lively audience cheered another successful send-off of credit union leaders who are devoted to keeping the credit union philosophy alive.

REGULATORY REACTION: HIT OR MISS updated 07/29/14 09:50 AM
Leaders Discuss the Changing Landscape
The credit union industry’s overwhelming response in sending more than 2,000 letters to the National Credit Union Administration (NCUA) on the agency’s risk-based capital proposal is extremely rare. So what’s different this time around?

NATIONAL REG ADVOCACY TOOL LAUNCHED updated 07/25/14 01:55 PM
'PowerComment' Combats Burdens
PowerComment, a highly-interactive online resource that helps credit unions take their regulatory concerns directly to regulators, was officially announced today during the summer American Association of Credit Union Leagues (AACUL) meeting.

CELEBRATE 100 MILLION MEMBERSHIPS updated 07/24/14 03:42 PM
National Awareness Campaign
The credit union movement is on pace to reach 100 million memberships this summer. To commemorate this milestone, the Credit Union National Association (CUNA) launched the “100 Million Memberships” campaign, and invites all credit unions to participate.