JEFFERSON CITY, Mo. (2/13/15)--Credit union representatives from throughout Missouri gathered in Jefferson City this week for the Missouri Credit Union Association's (MCUA) annual advocacy meeting.
|From left, state Rep. Joe Adams (D-University City); Mike O'Brien, senior vice president/chief advocacy officer, $245 million-asset St. Louis Community CU; and Rep. Bill Otto (D-Maryland Heights). (Missouri Credit Union Association Photo).|
More than 60 state senators and representatives participated in the MCUA legislative reception and dinner Monday. Attendees discussed the positive influence credit unions have on their communities and key bills for the 2015 session.
"Coming together with state lawmakers and being able to talk with them one-on-one is important," said MCUA President/CEO Don Cohenour (Missouri Difference Feb. 11). "Hearing from the people back home is essential, and we greatly appreciate our credit union leaders taking the time to come to our state Capitol and share credit union concerns."
Those concerns include HB 256, which clarifies the financial institutions' exemption in the Missouri Merchandising Practices Act (MMPA). The bill is a priority for the league. Bills addressing the definition of robbery and electronic lien release are additional priorities for the league.
Attendees heard presentations about state and federal legislative issues and advocacy efforts from Amy McLard, MCUA senior vice president advocacy; David Kent, director of state legislative affairs; and consultant John McKechnie, who works with MCUA on federal legislative outreach in Washington, D.C.
MCUA staff and Missouri credit union leaders will be in Washington, D.C., for the CUNA Governmental Affairs Conference (GAC) in March. Data security concerns remain a top priority, and Missouri credit union leaders will be asked to make outreach efforts in advance of GAC.
McKechnie also noted that the Senate Banking Committee put federal regulators on record during a hearing regarding regulatory relief for credit unions and community banks this week.
Both McKechnie and McLard reminded credit union leaders of the April 27 second comment period deadline for the amended risk-based capital (RBC2) proposal.