COLUMBIA, S.C., and RALEIGH, N.C. (9/8/15)--The Carolinas Credit Union League (CCUL) distributed its 2015 Legislative Wrap-Up for South Carolina member credit unions, the league announced Thursday. It will issue its similar report for North Carolina credit unions after that state’s General Assembly adjourns in October. CCUL Advocacy also is developing its priorities for 2016, said the league.
The legislative wrap-up summarizes legislation relevant to credit unions and signed into law during the first session of the 121st South Carolina General Assembly. It also discusses measures eligible to be considered in the next session, which starts in January.
Also, the report includes measures that were introduced during the first session but received no further attention in 2015. The league continues monitoring those measures.
During the session, the league led in creating and introducing legislation to allow prize-linked savings in South Carolina. It also fought to protect credit unions from insurance liability issues related to ride-sharing companies and reinforced with legislators the positive impact credit unions have in their communities. Credit unions’ responsiveness was especially important in an urgent call-to-action when late developments on the ride-sharing legislation threatened credit union protections.
“As we raised our profile in South Carolina, we balanced a proactive agenda for desirable action with defense where we saw potential for harm to credit unions and members,” said league President/CEO John Radebaugh.
“With many state laws affecting federal- and state-chartered credit unions alike, it is important to us as members’ strongest advocate to review each bill and amendment, and note potential changes and the impact of each,” said Billy Boylston, league director of governmental affairs. “Plus, our attention--especially to consumer protection issues--contributes positively to officials’ awareness of credit unions.”
Radebaugh pointed out the wrap-up is a tool for members to understand legislative actions of note and to take part in state-level advocacy.