Over the next four weeks, 19 credit union leagues from 26 states will be in D.C. to “hike the hill,” meeting with lawmakers, regulators and CUNA staff, as fall is generally the busiest time of year for visits.
WASHINGTON (2/26/16)--The ever-increasing regulatory burden credit unions are subject to was chief among the topics of discussion with thousands of credit union leaders and their elected officials on Capitol Hill this week. As part of the CUNA Governmental Affairs Conference, nearly 5,000 credit unions leaders lined up meetings with legislators to discuss credit union issues.
With CUNA’s Bank Secrecy Act Conference, hosted in conjunction with the National Association of State Credit Union Supervisors, coming up next month, CUNA’s compliance staff went into detail of the NCUA’s BSA compliance program in a recent CompBlog entry.
The NCUA’s Tuesday announcement that it will repay the U.S. Treasury in full is a good sign for credit unions, said CUNA Chief Policy Officer Bill Hampel. The agency will repay the $1 billion outstanding balance before Oct. 31.
CUNA’s Strategic Communications Department teamed up with The Wall Street Journal this week on an infographic illustrating the differences between credit unions and banks. The graphic ran in print today, on International Credit Union Day.