Over the next four weeks, 19 credit union leagues from 26 states will be in the nation’s capital to “hike the hill,” meeting with lawmakers, regulators and CUNA staff. The fall generally marks the busiest time of year for Hike the Hill though the program continues from the end of the CUNA Governmental Affairs Conference until the end of the calendar year.
The Nebraska Credit Union League and the Credit Union Association of New Mexico start their visits this week, with meetings scheduled on Capitol Hill, at various regulators’ offices and at Credit Union House in Washington, D.C.
During meetings with policymakers, which often includes the NCUA or the Consumer Financial Protection Bureaus, a major resource for leagues and credit unions is CUNA’s regulatory burden study, which shows how regulatory costs have ballooned since the inception of the Dodd-Frank Act.
The study can be especially helpful for presentations to lawmakers, as it features a per-state cost breakdown, then breaks the statewide cost into a per-credit union and per-member cost breakdown, showing the lawmakers the need for true regulatory relief for credit unions.
CUNA staff will also make regular presentations during Hike the Hills, from a political, advocacy and regulatory standpoints.
Stay tuned to News Now throughout September for weekly recaps of Hike the Hill visits, as well as additional coverage, stories and photographs.