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2014 GAC: DATA SECURITY, TAX REFORM
updated 02/11/14 10:30 AM
League Expert Preps Attendees
At the end of February, credit union advocates from across the nation will converge in Washington, D.C. for the Credit Union National Association’s 2014 Governmental Affairs Conference (GAC).

With the recent breakthrough in Congress regarding the nation’s budget and other agenda items, could legislation impacting credit unions be addressed in 2014?

“Following the Target and Neiman-Marcus data breaches, there certainly will be a lot of discussion, as four different bills have been introduced addressing data theft,” said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. “Combine data security with the possibility of tax reform, the wind down of Government Sponsored Enterprises Fannie Mae and Freddy Mac, plus charter enhancements such as raising the member business lending cap and parity for attorney trust accounts, and yes, there’s a chance something will be completed by the end of this year.”

Empol added: “At this year’s GAC, California and Nevada will be focused on holding merchants accountable for data breaches, preserving the credit union tax status, and pushing forward on charter enhancements. Our Congressional visits will be limited in time, so our messages will have to be concise—especially with so many points to cover.”

All of these topics will be addressed during the Leagues’ Legislative Briefing, which will be held on Feb. 24 at 1pm, in Room 140 of the Washington Convention Center.

In the meantime, please contact Jeremy Empol for questions about the GAC.

 
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ANNUAL FED WEBINAR ON REGS, GUIDANCE updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated 11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.

LEAGUE SURVEY EXTENDED TO NOV. 21 updated 11/19/14 10:57 AM
Overdraft and Courtesy Pay
The deadline for the California and Nevada Credit Union Leagues’ survey to obtain information about credit unions’ overdraft and courtesy-pay programs has been extended to Nov. 21.

CUs RECEIVE UNRIVALED SURVEY SCORE updated 11/18/14 11:10 AM
Ranked First in 'Customer Satisfaction'
Credit unions are ranked first in customer satisfaction, significantly outpacing all other financial services, according to findings released Tuesday by the American Customer Satisfaction Index (ACSI).