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News Now

CU System
Cornerstone League Recaps 2013 Advocacy
FARMERS BRANCH, Texas (12/26/13)--The Cornerstone Credit Union League, serving credit unions in Texas, Oklahoma and Arkansas, offered a recap of its 2013 advocacy efforts (The Advocate Dec. 17).
 
The league's efforts include:
  • Fielded more than 3,000 phone calls to the InfoSight hotline;
  • During the 83rd Texas Legislative Session, reviewed the text of 6,379 bills filed, tracked more than 220 bills that could impact credit unions, and closely monitored more than 75 bills in the final weeks as they wound their way through the legislative process;
  • Ensured passage of legislation that would increase the number of advisory directors on the state's credit union board, and stopped several proposals for rules that would have been burdensome for credit unions;
  • Obtained 85 regulatory compliance comment letters from league credit unions;
  • Continued expanding credit union membership in Cornerstone's successful grassroots program, CU: ROAR, to 74 credit union members;
  • Consistently ranked as one of the top three to four leagues in the country for rallying massive responses to the national "Don't Tax My CU" campaign, generating more than 83,000 messages to the U.S. House of Representatives and Senate;
  • Raised $465,000 for the Texas Cornerstone Credit Union League Political Action Committee, plus $223,000 for the Credit Union Legislative Action Council (CULAC). This was 105% of goal--Cornerstone credit unions have contributed more money to CULAC than any other entity;
  • Raised $3,340 for the Arkansas Credit Union League Political Action Committee--plus $20,140 for CULAC--212% of goal;
  • Sponsored a golf tournament Oct. 28 in Edmond, Okla., raising $9,954 for the Oklahoma Credit Union Political Action Committee (OCUPAC);
  • Raised a total of $49,878 for OCUPAC;
  • Filed more than 60 Texas Ethics Commission reports since 2001;
  • Developed the first political advocacy guidebook specifically for Cornerstone credit unions;
  • Developed customized "Don't Tax My CU" cards and banners for credit unions, expanding the grassroots effort to include credit union members; and
  • Published 18 Advocate newsletters and 16 special alerts or announcements devoted to grassroots, taxation and PAC activities.


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