WASHINGTON (2/26/16)--The Credit Union National Association (CUNA) elevated the credit union movement’s profile leading up to the 2016 CUNA Governmental Affairs Conference by successfully placing powerful articles in a number of national publications.
On the first full day of the conference, The Hill published an op-ed by CUNA President/CEO Jim Nussle that reminded readers that credit unions are “forced to dig out from the regulatory blizzard by adding costly staff or reducing services that benefit their members.” He also cited $7.2 billion cost of regulatory burden to credit unions as identified by Cornerstone Advisors’ recent collaborative study with CUNA.
“For America’s small credit unions, regulatory restraint would offer more than relief in terms of costs and a boon to their members. It could be a lifesaver,” wrote Nussle.
CUNA Chief Advocacy Officer Ryan Donovan suggested credit union advocates focus on what their congressional delegation could do to provide regulatory relief. In his Feb. 22 column in CUToday, he specifically laid out mortgage-related legislation that eases the weight of regulations put in place by the Consumer Financial Protection Bureau.
And Chief Political Officer Richard Gose advised credit unions on the power of creating grassroots advocacy among their members to share these messages. His Feb. 19 Credit Union Journal op-ed detailed the success of CUNA’s Member Activation Program and Project Zip Code.
Credit unions have many resources to successfully make their way into the payments space, wrote Glen Sarvady of Best Innovation Group (BIG). Sarvady’s Feb. 22 op-ed in Credit Union Times spoke to how credit unions can leverage their cooperative climate--and resources from the CUNA Governmental Affairs Conference--to “maintain a firm grasp on the direction of payments.”
BIG is a CUNA consulting partner supporting CUNA’s efforts in advocacy, compliance and keeping credit unions informed about the payments environment.