Prepare Before Attending the 2020 Governmental Affairs Conference

Image of Congress building in Washington, D.C.

The Governmental Affairs Conference (GAC) — held annually by the Credit Union National Association (CUNA) at the Washington, D.C. — brings together thousands of credit union advocates to educate members of Congress and regulators on important credit union issues, offering a powerful week for advocates who attend.

Click here to register! The GAC will be held at the Washington Convention Center from Feb. 23 - 27.

Legislative topics include: educating Congress on credit unions in the community (tax and community reinvestment); privacy and data security legislation; modernizing the Federal Credit Union Act; and Bank Secrecy Act updates.

Regulatory topics include: minimizing regulatory burden; National Credit Union Administration (NCUA) exams; Financial Accounting Standards Board’s Current Expected Credit Losses (CECL) rule; the Consumer Financial Protection Bureau’s (CFPB) Payday Lending Rule; and the CFPB’s Qualified Mortgage Rule.

How to Prepare
While League staff is preparing the full agenda for attendees, there is information you can prepare ahead of time. With the very polarized dialogue coming out of Washington these days, credit unions can have an impact in their long-term agenda.

Below are some useful items participants can bring. The Leagues’ Advocacy Team will be sending a more detailed email to registered attendees late next week.

  • Credit unions looking to bring leave behind information for members of Congress and staff should prepare their “one-pager” that includes basic information such as: size, assets, field of membership, basics of the membership, lending statistics that show the types of products and whom they are lending to, as well as performance versus delinquency rates, list of financial literacy programs (such as EverFi), community-based programs, sponsorships, and local community-based grants. All the "people helping people" programs that are unique to each credit union are important to talk about. Please also include contact information and the credit union's logo and brand.

  • Additionally, any information about lending in underserved communities — particularly where banks have left the market (or are generally absent), without mentioning banks — specifically is important. Statistics and figures you have on services to minority communities, including any item of diversity, equity and inclusion both in the credit union’s management and member services, is positive to include. CUNA and the Leagues will provide higher-level information about the financial benefits credit unions provide to the community; however, any data you have about your credit union’s specific programs and returns to membership are welcome. No program is too small or large.

  • The meetings will also spend time on modernizing the federal charter. This should not preclude state-chartered credit unions from the conversation, as the Leagues’ goal is to provide the optimal charter of choice (federal today, state tomorrow and vice versa). If your credit union is federally chartered, understanding the limitations on of the 15-year maturity cap for non-mortgage lending will be helpful, especially if there is demand from your membership for these services. Likewise, state-chartered credit unions can bring performance data on their portfolios and performance in this space.

  • Information on the confusion of the compliance factors of the California Consumer Privacy Act (CCPA) and any difficulties therein can contribute to our narrative. Knowing the number of out-of-state versus in-state members your credit union serves will be helpful, especially as our narrative points directly toward the need for one strong, uniform national data security law.

More Information
Contact Leagues Vice President of Federal Government Affairs Jeremy Empol at jeremye@ccul.org for more information.

For additional information from CUNA on the GAC, click here.

Reserve Your Room
To make a reservation under the California and Nevada Credit Union Leagues’ room block, contact Carmelita Keller at carmelitak@ccul.org or 909-212-6027.

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