A credit union-friendly majority in Congress presents a major opportunity for CUNA, state leagues, credit unions and members to work toward true regulatory relief, CUNA leadership told attendees at a Tuesday webinar on CUNA’s Campaign for Common-Sense Regulation.
“We have a great opportunity to take full advantage of the strength of the CUNA/league system, and this campaign will help unleash our secret weapon: the voice of the credit union member,” Nussle said. “The members of the new Congress were elected to respond to voters, and speaking from experience, I know how important it is to listen to those voices.”
Nussle added that the campaign is a pro-consumer, bipartisan effort that will ultimately benefit the financial services marketplace by allowing credit unions to better serve their members and businesses.
CUNA’s advocacy agenda is to reduce regulatory burden; expand credit union powers; enhance payments security; and preserve the credit union tax status.
This includes goals on both the legislative and regulatory fronts:
“CUNA’s advocacy goal isn’t just to get a bill passed or a regulation changed, but the big picture of a more favorable operating environment for credit unions,” said CUNA Chief Advocacy Officer Ryan Donovan. “We’re always monitoring other issues, such as any potential changes to the credit union tax status, and we are fully capable of pivoting in that direction if needed. But regulatory relief is the priority.”
CUNA’s Campaign for Common-Sense Regulation webpage features a number of resources, including talking points, information for employees and members, graphics for communications and social media materials.
Additional information on the campaign can be found in previous News Now coverage of the campaign rollout.
A recording of the webinar, as well as slides from the presentation, will be posted online shortly.