What are CUNA’s top legislative and regulatory priorities?

• Continue to press NCUA to improve RBC2, the risk-based capital proposal that’s been characterized as a “solution in search of a problem.”

• Defend the tax status in Congress by emphasizing the benefits of the federal tax exemption for members and nonmembers, while fending off bankers’ attacks at the state and local level.

• Reduce credit unions’ regulatory burden by pressing the CFPB to provide more expansive exemptions to credit unions, and by working with leagues to assist credit unions in complying with regulatory demands.

• Empower members to voice their views to legislators in advocacy efforts such as “Don’t Tax My Credit Union,” educating them about the cooperative difference and the merits of credit unions’ not-for-profit structure.

• Continue the “Stop the Data Breaches” effort by supporting legislation that that includes a federal notification standard, new data security standards for merchants, and provisions that improve the process for reimbursing credit unions for costs they incur as a result of the breaches.

• Champion legislation providing credit unions with the same eligibility requirements for Federal Home Loan Bank membership as community banks.

• Ask Congress to permit credit unions to access supplemental forms of capital, and to make it easier for credit unions to lend in rural areas.

• Push for continued improvements to the NCUA examination process, especially in the areas of fairness, objectivity, and a meaningful appeals process.

For more discussion on these and other issues, join CUNA’s political and legislative affairs staff during Monday's General Session.