GAC 2013

New Faces in Congress Make D.C. Presence Critical

We must make our case for reducing the regulatory burden and enhancing the CU charter.

February 13, 2013

This is a critically important year for us to have a strong presence in Washington. The 113th Congress includes a number of new faces, plus changes in key committee leadership posts.

Ensuring members of Congress understand and appreciate our unique structure and the value of our cooperative business model is essential.

We know a dominant theme for policymakers will be helping the nation’s middle class. Who does that better than credit unions?

Our members save billions each year using credit unions rather than banks. And when it comes to consumer satisfaction and trust, credit unions are in a class by themselves.

These are defining characteristics that members of Congress need to know about credit unions—especially in a year when tax reform is high on the agenda.

Our tax status is causal to our ability as not-for-profit cooperatives to deliver affordable financial services to 95 million hardworking Americans.

We also must make our case for reducing the regulatory burden and enhancing the credit union charter so we can keep pace with our members’ changing financial services demands.

If we do not set the agenda and establish our priorities on Capitol Hill, our opponents in the commercial banking industry will step in and do it for us. The education process with legislators begins here in Washington at the GAC.

Thank you for your ongoing commitment to political involvement in support of the credit union movement.

MIKE MERCER is CUNA chairman and president/CEO of the Georgia Credit Union Affiliates.