12-State Leagues, Credit Unions Engage With DC Politicians | 2022-09-16 and other news

Published by
Peter Kavinsky

Nine credit union leagues representing 12 states visited Washington, DC last week to visit Capitol Hill and other politicians. Credit unions provided stories and data showing the strength of credit union diversity as they advocated policies to better serve their members.

California and Nevada Credit Union Leagues and credit unions emphasized the need to modernize the federal credit union’s bylaws, opposition to credit card exchange fees, and the importance of a strict national data security standard.

Connecticut Credit Union League and its member credit unions discussed cannabis banking and other credit union priorities with a state congressional delegation.

Dakota Credit Union Association Credit union staff and specialists met with all three NCUA board members, Consumer Financial Protection Bureau (CFPB) director Rohit Chopra, and elected officials.

Iowa Credit Union League and its member supporters highlighted a number of financial issues affecting Iowa, including financial and childcare issues in the state.

League of Southeastern Credit Unions and Affiliates (LSCU) visited 36 different House and Senate offices in Alabama, Florida, and Georgia, and under the direction of the NCUA and CFPB.

“Hike the Hill LSCU allows credit unions to play an integral role in the legislative process,” said Henry Armstrong, President/CEO of the Auburn University Credit Union and Chairman of the Board of the LSCU. “This year was no exception as we had incredibly productive meetings with key members of Congress. I left feeling like we really made a difference by changing important credit union legislation.”

Maine Credit Union League met with their congressional delegation and hosted a joint reception at the House of Credit Unions with LSCU.

“Discussing our concerns about the Durbin/Marshall bill was a top priority for us on this trip,” said Robert Coverly, Maine league vice president of advocacy and outreach. “We wanted to make sure that at every meeting, we emphasized that consumers, small businesses and small financial institutions would be hurt the most if this law was passed. We are convinced that exchange fees are part of the cost of doing business and that too much will be at stake in terms of data security if this bill is passed.”

Ohio Credit Union League discussed sharing and the importance of data privacy and security with policy makers, including Rep. Bob Latta, D-Ohio, member of the House Committee on Energy and Commerce.

Wisconsin Credit Union League met with both legislators and regulators and heard briefings from CUNA staff at Credit Union House.

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