The Cooperative Credit Union Association (CCUA) hosted its first Delaware Advocacy Committee meeting July 8 in New Castle, Del., marking the one-week anniversary of the merger that brought the Delaware Credit Union League into the CCUA fold.
Led by CCUA President Paul Gentile, the meeting had strong attendance by credit unions from statewide and involved discussion on the committee’s governance, key state and federal issues, and grassroots activities.
Guest presenters from CUNA briefed credit unions on pending federal issues such as examination modernization, including extended exam cycles and call report modernization; executive compensation; field of membership; Financial Accounting Standards Board implementation; payday lending; the Home Mortgage Disclosure Act; and the upcoming rulemaking for TRID (Truth-in-Lending Act and Real Estate Settlement Procedures Act).
“True to the model of the Cooperative Credit Union Association, all advocacy issues are driven by the local credit unions in the states we serve. This first meeting in Delaware was just one week after the merger closed and highlights our focus on delivering powerful local advocacy driven by our members,” said Gentile.
Among the actions the committee agreed to:
Gentile reported on his outreach to Delaware Sens. Tom Carper (D) and Chris Coons (D) seeking support for communication to the Consumer Financial Protection Bureau requesting greater use of its exemption authority for credit unions. Attendees were urged to add their voice to this request. Gentile noted that exemption authority will be a key topic at CCUA’s Hike the Hill event Sept. 14-15 in Washington, D.C.