WASHINGTON (1/7/15)--As members of the 114th Congress gathered in force here Tuesday for swearing-in ceremonies, the Credit Union National Association has reached out to all members of Congress regarding credit union priorities for the next two years.
In a letter signed by President/CEO Jim Nussle, CUNA addresses the role credit unions play for American consumers as not-for-profit financial cooperatives.
"Credit unions play an important role in your state and district, providing financial services to your constituents, including savings and checking accounts, mortgage, auto, personal and business lending," Nussle wrote. "To continue these important services, we need help from Congress to protect the credit union tax status, remove regulatory barriers that prevent credit unions from fully serving their members, and hold merchants accountable for data breaches."
Nussle addressed the following issues, which are top priorities for CUNA heading into 2015:
While many new members of Congress barely have pictures hanging on their office walls, the credit union community was able to meet face-to-face with many of them. Credit union leagues from at least 15 states, along with CUNA staff, were in the nation's capital for swearing-in ceremonies and general meet-and-greets.
CUNA staff met with roughly 40 freshman legislators throughout the day, including most new members of the House Financial Services Committee. Kristin Eagan, senior legislative representative with CUNA, said the legislators she spoke to were all supportive of credit union issues.
Several incoming members already have strong ties to credit unions. Rep. Peter Aguilar (D-Calif.) is a former credit union vice president. Rep. Martha McSally (R-Ariz.) named Robert D. Ramirez, president/CEO of $1.3 billion-asset Vantage West CU, Tucson, Ariz., to her transition team.
See below for a selection of photos and tweets of the credit union community welcoming the 114th Congress.