MADISON, Wis. (7/9/15)--While congressional delegates returned to their home districts for the most-recent work period, state leagues and credit unions were busy setting up visits to discuss key credit union issues.
Meetings at the state level are critical to advocacy efforts as are Hike the Hill visits in Washington.
In Metairie, La., Post Office Employees CU hosted a meeting between U.S. Sen. David Vitter (R) and members of east, west and tri-parish credit unions (eNews July 1). They shared their concerns about regulatory burden and informed the senator how credit unions help members avoid pitfalls of payday lending.
U.S. Rep. Denny Heck (D-Wash.) met with credit unions in Spokane, Wash., for a financial services roundtable, the Northwest Credit Union Association (NWCUA) reported.
Discussion focused on regulatory reform and the effect that regulatory burden is having on credit unions’ ability to serve their members. Heck, a member of the House Financial Services Committee, is intent on hearing from all stakeholders in the Northwest region, NWCUA noted.
Other topics included interest-rate risk, government-sponsored-enterprise reform in 2017, and de-regulation in the third and fourth quarters of this year.
Southern California credit union leaders met with U.S. Rep. Alan Lowenthal (D-Long Beach) at the end of June at LBS Financial CU. Lowenthal has been a member of the Long Beach-based credit union for more than 46 years (CU Weekly June 30).
California credit union representatives included:
The League of Southeastern Credit Unions (LSCU) met with Senate Banking Committee Chair Richard Shelby (R-Ala.) at the Credit Union House in Washington, D.C. LSCU President/CEO Patrick La Pine and Steve Swofford, LSCU chair and president/CEO of Alabama CU, Tuscaloosa, attended the June 25 event. Shelby is working on regulatory reform and has looked to credit unions several times for their guidance, the league reported.