Last year was a critical, watershed year for credit union advocacy, one that makes CUNA, leagues and credit unions optimistic for 2019, CUNA Chief Advocacy Officer Ryan Donovan said. Appearing on CUBroadcast Thursday, Donovan discusses how 2018’s successes set the table for CUNA’s 2019 advocacy agenda.
“For an industry like ours, seeing the number of and the depth of our advocacy wins just in 2018, a lot of groups would be happy if they achieved this in a five-year period,” Donovan said. “It makes us very excited for 2019.”
Donovan described the bipartisan success of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) as something that was unique in the last Congress, and it helped CUNA achieve several important goals, including freeing up a massive amount of space in the stator member business lending cap.
“While we were working on things in 2018, we were also listening to our members as we developed an advocacy agenda for 2019 that is reflective of credit union needs and attuned to the political realities in Washington,” he said. “Credit unions tell us they want us to continue work to remove regulatory barriers, continue our work expanding credit union powers and opportunities protect information security and preserve the tax status. Those are the four pillars of our advocacy agenda.
“When we look at Congress and the administration in 2019 I think we see opportunities to advance on all four off those pillars,” he added.