NWCUA Calls for ‘Immediate Participation’ from All Northwest Credit Unions as Senate Moves Toward MBL Vote

By Jennifer Wagner, NWCUA vice president of legislative advocacy

In the past week, actions in the U.S. Senate have set us up for a vote on the credit union member business lending (MBL) legislation—the first credit union vote on a bill in the U.S. Senate in 14 years—and the vote could come as early as April 16.

The Northwest Credit Union Association (NWCUA) is developing an “all-in” strategy that depends on immediate participation from each Northwest credit union. The strategy includes a far-reaching Action Alert that will ask credit union staff, board members, family and friends to send letters to our Northwest Senators on this issue.

Due to the critical nature of this vote, we will also ask you to share this alert with your members. Look for this Call to Action on Monday afternoon. In addition to emails and letters, we’ll ask credit unions to have a presence at Town Halls and community events hosted by our Northwest Senators, to collect letters and testimonials from our small-business members, and to work with your local media partners to bring attention to the issue.

The banks are implementing an unprecedented lobbying effort against this bill, and the credit union movement must step up its efforts. This strategy complements the national strategy of the Credit Union National Association (CUNA) in collaboration with the other state leagues. The implications of this vote are far-reaching and will affect our political credibility as well as future legislative efforts on all issues, including supplemental capital, our tax exemption and regulatory reform.

The stakes are very, very high.

Stay tuned for more information on Monday, and thank you in advance for your support of this comprehensive strategy to give credit unions the “win” we need.

 

Questions? Contact a member of the Association’s Legislative Affairs team:

Jennifer Wagner, Vice President of Legislative Advocacy
Mark Minickiello, Vice President of Legislative Affairs
Stacy Augustine, Senior Vice President & General Counsel

Posted in Advocacy News, NWCUA.