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CU System
CEO says CUs' legislative 'social' successful in S.D.
PIERRE, S.D. (2/3/14)--More than 50 credit union advocates met with members of their South Dakota legislative contingent during last week's legislative social in Pierre, S.D.
 
Click to view larger image More than 50 credit union delegates hiked the Capitol during the Credit Union Association of the Dakotas' legislative day in Pierre Jan. 29. Both the House and Senate chambers recognized the visitors during the visit. (Credit Union Association of the Dakotas photo)
"This was one of our more successful and worthwhile legislative events," said Floyd Rummel III, president/CEO, Northern Hills FCU, Sturgis Memo Jan. 30). "Attendance from our credit unions was great, and we appreciate the time and opportunity to successfully tell our story with lawmakers," he added.
 
Although designed as a social activity, the event gave credit union representatives time to talk to nearly 70 state legislators about the South Dakota Bankers Association's "taxation equity" initiative.
 
Last year, bankers launched a statewide effort to convince local lawmakers to impose local, franchise or federal taxes on not-for-profit credit unions and farm credit services. They claim that credit unions have grown "beyond their intended purposes in both size and scope" and taxing credit unions will solve budget shortfalls at the local, state and national level.
 
Highlighting the legislative day in Pierre was a "Hike the Capitol" where the delegates were recognized by both the House and Senate chambers.
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