CUNA Chief Advocacy Officer Ryan Donovan and Chief Political Officer Richard Gose presented an advocacy update at a Monday session of the 2017 CUNA GAC that focused on the power of the 360-degree advocacy approach of CUNA, the leagues and credit unions and how it can move the needle on common-sense regulation for the industry.
“The current regulatory structure isn't working for America's credit union members. It's created a rigged system in favor of the large banks that can afford to comply with the regulations coming out of Washington,” Donovan said.
Local, member-owned credit unions know their members better than Washington does and it's time for the Consumer Financial Protection Bureau and other regulators to focus on Wall Street and get out of the way credit unions serving Main Street, he added.
Donovan gave his credit union audience these tips of things they should know going up to Capitol Hill for their GAC visits with key policymakers.
CUNA’s Gose outlined advocacy tools that credit unions can access through CUNA and their leagues for two-pronged advocacy that educates the credit union system and educates credit unions members.
He highlighted the CUNA Member Activation Program (MAP), introduced at the 2013 GAC.
MAP helps credit unions engage their members in credit union advocacy. It provides plug-and-play content that helps members discover ways to play a role in the future of their credit union.
As millennials emerge in the workplace, CU leaders modify their management approach and expectations.