ST. LOUIS (6/27/14)--Risk-based capital was the hot topic for Missouri credit union advocates during their recent Hike the Hill visits in Washington.
Missouri credit union advocates had one-on-one visits with Sens. Roy Blunt (R), above center, and Claire McCaskill (D), below center, during recent Hike the Hill visits. (Missouri Credit Union Association photos)
"Every member of Congress who we met with really seemed to understand and support our positions on our topics, especially risk-based capital," said Randy Yeck, executive vice president, $737 million-asset Vantage CU, Bridgeton (Missouri Difference June 24). "It was one of our most effective visits yet."
Attendees thanked each of Missouri's House members for signing a letter sent to the National Credit Union Administration regarding its risk-based capital proposal and asked both Sens. Roy Blunt (R) and Claire McCaskill (D) to consider sending a letter regarding the proposal.
The group visited all 10 offices of the state's congressional delegation and attended the June 19 NCUA board meeting. Other issues included data security breach concerns, supplemental capital, member business lending, patent trolling, housing finance reform and preserving the credit union tax status when Congress addresses comprehensive tax reform.
Delegates included staff and volunteers from the Missouri Credit Union Association (MCUA) and five credit unions--including Anheuser-Busch Employees' CU, St. Louis, with $1.4 billion in assets; BluCurrent CU, Springfield, with $150 million in assets; CommunityAmerica CU, Kansas City, with $1.9 billion in assets; Mid Missouri CU, Fort Leonard Wood, with $212 million in assets; and Vantage CU.
"The staff and volunteers made excellent points during the meetings with lawmakers," said Amy McLard, MCUA senior vice president of advocacy. "That really makes the difference with lawmakers--being able to bring the stories and issues to life with examples from back home in the district."