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|Financial Horizons CU hosted an American Hero 5K at the Fallon Churchill Fire Department.|
|L-R (clockwise): Sen. Dianne Feinstein, D-CA; Rep. Doug LaMalfa, R-CA; Rep. Tom McClintock, R-CA; and Rep. Dina Titus, D-NV|
The California and Nevada Credit Union Leagues and its member credit unions have participated in 17 different interactions with their respective congressional delegations, including town hall events, "Congress on Your Corner" gatherings, district meetings, and political events.
While the next two weeks are imperative for credit unions to engage their members in the "Don't Tax My Credit Union" message, those in California and Nevada can be encouraged by the fact that congressional legislators in both states "sent some pretty supportive signs before leaving Washington, D.C.," said Jeremy Empol, vice president of federal government affairs for the Leagues.
"The August recess is traditionally when Congress is at home with constituents," Empol said. "The congressional delegations for California and Nevada were pretty busy over the past few weeks."
Even as the tax fight remains the industry's top issue, the Leagues are monitoring other pro-credit union legislation that California and Nevada credit unions have so ardently advocated for over the past year. Before departing Capitol Hill, Sen. Dianne Feinstein, D-CA, co-sponsored S.968, the member business lending bill.
On the House side, freshman Rep. Doug LaMalfa, R-CA, became California’s 35th member (out of 53) to co-sponsor H.R. 688, the House companion to S.968. Additionally, Reps. Tom McClintock, R-CA, and Dina Titus, D-NV, co-sponsored H.R. 719—legislation authorizing supplemental capital for credit unions.
"All of these successes are important," Empol said. "However, with the threat of credit union taxation looming in the halls of Congress, the Leagues’ government affairs team is leaving no stone unturned. The 'Don’t Tax My Credit Union' campaign will really light up when Congress returns, as the first tax reform bill is slated for consideration in the House Ways and Means Committee sometime in October."
He added: "Our credit unions are participating in district meetings, town halls, 'Congress on Your Corner' events, and at every other opportunity to get in front of members of Congress during this recess."
The August recess will culminate with the Leagues’ "Hike the Hill" on Sept. 9-11, which is the first week Congress reconvenes in Washington, D.C.