Spokane members delivered an over-the-top response to an invitation to write love letters about their credit unions. Over 7,000 people embraced the idea, so Spokane credit union leaders will share the love with Congress in a series of meetings beginning this week.
While congress is on recess this month, credit union advocates are keeping the tax discussion alive. The NWCUA is asking members to raise the roof and tweet the house today. Sample messages are available on the Association’s member website.
The NWCUA and CUNA are calling all credit unions to blitz the US Senate with social media messages July 23—“Don’t Tax Tuesday.” Senators have until Friday to submit their tax reform proposals. A persistent and passionate credit union voice may secure credit union’s tax status.
Credit union managers deciding whether to engage members in grassroots contacts with Congress have another reason to move forward: The Senate Finance Committee leaders confirmed Thursday that they are drafting tax reform legislation and asked their colleagues to determine which tax exemptions are preserved.
The NWCUA updated the region’s credit union CEOs on member business lending (MBL) legislation, explaining that S. 2231 is quietly gaining approval among Senators on both sides of the aisle despite deep election-year division in Congress.
Credit unions have been engaged in a long-term advocacy campaign ever since Sen. Harry Reid promised a floor vote for the credit union MBL bill in March. The bill remains on the Senate calendar and could therefore be called to the floor at any time.
Credit unions are continuing their strong grassroots push in support of S. 2231, but it is unlikely the measure will see a vote this week. Independent and community bankers are currently on the Hill working in opposition to the measure.
With the U.S. Senate primed to vote on credit union MBL legislation as soon as April 16, the NWCUA has created a Facebook event to share the need for vocal support from constituents across social media platforms. Read more to help spread the word!
With the U.S. Senate primed to vote on credit union MBL legislation as soon as April 16, the NWCUA is developing an “all-in” strategy that depends on immediate participation from each Northwest credit union.
Congressional recess provides an opportunity for credit unions to lobby their delegations on home turf. Legislation to increase the cap on Member Business Loans is a priority.
This Federal update reviews the Federal Reserve’s next steps on the interchange issue and everything that was going on in DC last week.
Despite the failure of the Tester-Corker Amendment, the interchange fight will continue with dialogue with the regulators and by working through the courts.
Senators Tester and Corker will attempt to attach their legislation to delay the debit interchange fee regulation to a bill to reauthorize the Economic Development Administration.
With the retailers engaged in a 60-day grassroots campaign including a DC fly-in next week, credit unions absolutely cannot let up communications with our senators on interchange.
The Association asks CUs and their members to contact senators through letters, Facebook, calls, and local town-hall meetings, a list of which are in this article.
We need your help on interchange again. Also, a full report on CEO John Annaloro and President Troy Stang’s meetings with the Fed, NCUA and the NW delegation.
We are excited to announce the introduction of the Small Business Lending Enhancement Act in the Senate. Please take a few minutes and send an email to your Senators encouraging them to support this legislation.
Within one week of the conclusion of the GAC, Sen. Mark Udall (D-Colo.) introduced legislation (the
Small Business Lending Enhancement Act, S509) increasing the authority of credit unions to make business
loans to their members. By the end of that week, 15 senators from both sides of the political aisle, had signed on as cosponsors.