What Issues Will You Stress When You Hike the Hill?
GAC attendees to advise Congressional reps about key CU issues during meetings this week.
Board chair, Maui FCU
Taxation, small-business loans, making sure we have fair treatment of credit unions compared to banks. It’s important we get to Capitol Hill and express this to our congressional folks. Hawaii only has four representatives, and two of them are new. One could say it’s the “aloha” spirit, but they’ve always been very welcoming to us.
President/CEO, Gulf Cost Community FCU
Compliance. We’re an $80 million asset credit union, and we’re quite profitable, so we don’t struggle much with keeping up with the cost. But that's a problem for many credit unions. Regulatory compliance is hamstringing the way we do business, and it could kill the industry. We want to emphasize this to our representatives when we meet this week.
Director of government affairs
New Jersey CU League
It’s similar to previous years with the exception of taxation and data breach, which are newer issues—and they’re at the top of the list. Regulatory reform is important and we’re very concerned about housing finance reform and charter enhancement—particularly member business lending reform and supplemental capital.