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Support Strong Dual-Charter System: Submit Feedback by Oct. 5

The California Credit Union League needs ALL state-charter and federally chartered credit unions to participate in an important feedback request.

The League believes a strong California state credit union charter is important and helps strengthen the dual-charter system — both federal credit unions and state-charter credit unions alike. Therefore, the League is requesting both state and federal credit unions’ feedback to ensure California state-charter credit unions can operate and prosper in an enabling yet safe-and-sound manner.

To that end, the League formed a State Charter Review Committee. The League welcomes input from ALL credit unions (both state and federal) regarding any potential issues you believe should be addressed concerning state-charter credit unions (submit feedback to Lisa Quaranta below).

This committee has been tasked with evaluating the California Financial Code and the Code of Regulations, examining their impact on the powers and constraints of California state-charter credit unions, and proposing changes and additions to enhance and modernize the charter. It will collaborate closely with League staff to bring about these changes.

With this objective in mind, the League is inviting all credit unions (both state and federal) to share any potential issues they believe should be addressed concerning California’s Credit Union Law and California Credit Union Regulations.

Please submit your feedback and key issues by emailing Lisa Quaranta, vice president of regulatory advocacy and compliance for the League. Send your email no later than the end of business day on Thursday, October 5.

The League appreciates your participation and the value that your feedback brings to this initiative! Thank you in advance for your contributions.

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