Kan., Mo. CUs press data security, MBL, reg. relief during Hike the Hill
WASHINGTON (10/27/15)--In advance of combining operations and launching as Heartland Credit Union Association, members of the Kansas and Missouri Credit Union Associations (KCUA/MCUA) came together in Washington, D.C., to bring the credit union message to policymakers. Twenty-seven credit union leaders visited last week.
“We see an increased importance and need for regulatory advocacy --not only in meeting with regulatory agencies, but addressing regulatory issues with our U.S. Senators and Representatives,” said Amy McLard, MCUA senior vice president of advocacy. “During the Missouri-Kansas Hike the Hill, MCUA continued our focus on core issues--data security, the wide range of regulatory relief issues and bills, and parity bills addressing member business lending and the Federal Home Loan Bank.”
Data security was a particularly relevant subject for these credit unions, because as McLard put it, they have been bit with a “trifecta” of breaches at Schnucks supermarkets, Target and Home Depot “hitting our credit unions in relatively quick fashion in recent years.”
The Kansas and Missouri leagues met with the entire congressional delegation from both states, in one-one-one meetings, as well as larger meetings with members of Congress and their staffs.
Four members of those delegations--Reps. Lacy Clay (D-Mo.), Emanuel Cleaver (D-Mo.) Blaine Luetkemeyer (R-Mo.) and Ann Wagner (R-Mo.)--are members of the House Financial Services Committee, so the credit union advocates shared details of interest to the committee as they consider a number of credit union-backed regulatory relief bills.
Haley DaVee, KCUA senior vice president, said their group met with the Kansas congressional delegation and “stressed the need for meaningful regulatory reform legislation.”
The Kansas and Missouri leagues also visited with National Credit Union Administration Chair Debbie Matz during their visit, where they discusses topics ranging from the overhead transfer rate, the agency’s member business lending (MBL) proposal, account verification requirements and a potential field-of-membership proposal.
“We had several credit unions with member business lending efforts and Heartland Business Services, which works with credit unions across the state of Missouri to address business lending needs, in attendance,” McLard said. “They were able to address not only the MBL proposal with Chairman Matz, but also the real-world implications with members of Congress regarding the proposal and MBL legislation.”
Member credit unions of KCUA and MCUA voted earlier this month to consolidate and form the new entity, Heartland Credit Union Association and Shared Financial Solutions. The new organization will launch Jan. 1. (See related story: New Heartland CU Assn. encourages board nominations.)