WASHINGTON (2/25/14)--During the Credit Union National Association's annual general meeting Monday at the 2014 Governmental Affairs Conference, President/CEO Bill Cheney reflected on a year by highlighted the "Don't Tax My Credit Union" campaign, a grassroots effort that generated millions of contacts with lawmakers.
"Advocacy remains our top priority and protecting the credit union tax status is at the top of the priority list," Cheney said.
Among the 2013 highlights Cheney shared at the meeting:
Cheney also noted CUNA ability to work with NCUA, when it must regulate, citing the recent rule on loan participation as example. CUNA, representing its membership, preferred no rule at all but working with leagues and credit unions, Cheney noted, "we submitted strong comment letters outlining our suggestions for change."
"Fortunately, the final rule included many recommendations we sought and is a vast improvement from what was proposed," Cheney said. "It shows what we can do when we effectively voice our concerns."