Credit union awareness is being pushed by CUNA, leagues, credit unions, the American Association of Credit Union Leagues and CUNA Mutual this week at the National Conference of State Legislators (NCSL) Legislative Summit in Boston. The organizations are leading a campaign to increase credit union awareness among state lawmakers, serve as panelists and to attend meetings to ensure no policies arise to harm credit unions.
"Engagement at the summit is a priority for CUNA and the leagues because legislators adopt policies in NCSL’s standing committees," said CUNA Chief Advocacy Officer Ryan Donovan, who gave a presentation at the summit. "In addition, many state legislators often go on to serve at the federal level, and familiarity with credit union issues helps achieve credit union goals."
Nearly half of the 115th Congress are former state legislators.
CUNA Chief Advocacy Officer Ryan Donovan participated on a panel discussion about the future of the Dodd-Frank Act, and the credit union push for regulatory relief.
Donovan highlighted many goals of CUNA's bipartisan, pro-consumer Campaign for Common-Sense Regulation, particularly changes to the Consumer Financial Protection Bureau.
"Credit unions are presently under hundreds of regulations amounting to thousands of pages of rules and guidance. They aren’t abusing consumers. They’re serving their members--and they’re doing it quite well," Donovan told attendees. "In fact, in 2015, Consumer Reports said that credit unions as a sector had the highest consumer satisfaction rating of any service they have ever rated. The bureau should let credit unions follow existing regulations and make sure other entities are not abusing consumers."
Jeffrey Gerard, senior vice president, Greylock FCU, Pittsfield, Mass., participated in a panel discussion on marijuana banking.
Credit union representatives will also attend meetings and sessions of the Communications, Financial Services and Interstate Commerce Committee and the Task Force on State and Local Taxation.
Awareness activities include the America’s Credit Unions logo featured on the conference wi-fi splash page, hotel key cards and conference lanyards.
America’s Credit Unions are also represented with a booth in the summit’s exhibit hall. Notebooks and high-tech giveaways will be distributed to booth visitors.
Leagues represented at the booth include