Credit unions make a difference when they’re needed most, including during the coronavirus disease (COVID-19) pandemic, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Friday.
The House passed and President Donald Trump has signed into law the latest COVID-19 relief bill Friday, one with several provisions for credit unions. CUNA/League advocacy helped ensure credit unions were included in several provisions.
NCUA’s latest Letter to Credit Unions highlights a joint statement from federal financial regulators on encouraging responsible small-dollar lending during the COVID-19 pandemic, a statement expressly encouraging credit unions to offer responsible small-dollar loans.
The importance of not-for-profit financial cooperatives is as significant today as it’s ever been, and their tax status should be preserved, as credit unions annually provide $18.9 billion in total financial benefit to consumers.
Congress should ensure the U.S. Agency for International Development (USAID_ awards a fair and substantial amount of its direct awards and contracts to small, U.S.-based not-for-profit voluntary organizations such as credit unions and other cooperatives.
Both chambers of Congress are in Washington, D.C. this week and CUNA will be engaged with a number of hearings covering credit union priorities, including multiple appropriations bills for fiscal year 2021.
Credit unions can get insights into serving low-income and underserved communities on a March 11 webinar hosted by the NCUA’s Office of Credit Union Resources and Expansion. The webinar wll begin at 2 p.m. (ET) and registration is now open.
The Federal Communications Commission should require entities that block or label calls to provide real-time notification and adopt effective, transparent and timely redress mechanisms, CUNA wrote to the FCC Friday.
As more than 5,500 credit union leaders attended CUNA’s Governmental Affairs Conference (GAC), which included visits to just about every office on Capitol Hill, CUNA leaders also placed policy goals in publications that reach both Congressional offices and the credit union community.
The Department of Defense withdrew a problematic question from its Military Lending Act guidance, a change called for by CUNA, Leagues and the Defense Credit Union League, who cited the numerous conflicts and uncertainty it creates.