|State Assemblyman Bob Wieckowski (front row, second from right), D-Fremont, with credit union representatives from Southern and Northern California in Sacramento during the California Credit Union League’s 2014 Government Relations Rally (GRR).|
LEADERS ENGAGE WITH STATE LAWMAKERS
updated 04/15/14 09:44 AM
Card Security a Hot Topic
Credit union professionals and volunteers took a stand for their members in Sacramento from April 7-8 during the California Credit Union League’s 2014 Government Relations Rally (GRR)—an event that attracted more than 75 attendees and helped build relationships with state legislators.
Card security headlined the discussions between credit union leaders and lawmakers as concern over data breeches continues to grow. Also in focus was SB 1351—authored by State Sen. Jerry Hill, D-San Mateo—which touches on the 2015 Europay-Mastercard-Visa (EMV) chip deadline for card issuers and retailers.
Additionally, AB 1710 was discussed, which looks at notification, standards, reimbursement, and other provisions regarding protection of personal privacy. Other bills of interest included tax credits for 527 accounts, voided title/falsified documents, emailed local agency reports, billing inquiries, and California Department of Business Oversight (DBO) loan repayments.
“It’s important for the credit union industry to come together and be a stronger voice for consumers,” said Donna Bland, CEO of Golden 1 CU, after Tuesday morning’s legislative briefing. “I would hope that today’s issue regarding card security would be common ground for all financial institutions. It’s not a political issue—it’s about consumer protection.”
John Cassidy, CEO of Sierra Central CU, said GRR is indispensable to building relationships with state legislators. “If we don’t show up, we could face the unintended consequences of bad legislation,” he said. “Our capacity of communicating our message to legislators has never been better, but it needs to continue to grow. Engaging with lawmakers is the way to accomplish this.”
Participants were addressed the day before by Anthony Huey, president of Reputation Management Associates, who delivered a powerful presentation on how to effectively communicate and leave a lasting impression with state legislators and others.
Also, DBO Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave an insightful update on the financial health of state-licensed credit unions, and how the department is working with credit unions every day. State-licensed credit unions hold a little more risk than the average credit union in California, but they are “stable and strong,” and financial data keeps improving, Orellana said.
This year’s California Credit Union League PAC fundraiser raised $8,300 to support State Senator Anthony Cannella, R-Ceres, who was elected to office in 2010. In his address, Cannella touched on the political environment in Sacramento, as well as the state’s widespread water drought.
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!