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Kansas CUs brave weather to storm Capitol
Kansas State Rep. Richard Proehl visits with Marla Marsh, president/CEO of the Kansas Credit Union Association (KCUA), during KCUA’s Annual Day at the Capitol on Feb. 9. Proehl is vice chairman of the financial institutions committee. (Photo provided by Kansas Credit Union Association)
TOPEKA, Kan. (2/14/11)--Braving cold and snowy weather, credit union representatives throughout Kansas traveled to the statehouse Feb. 9 to meet with legislators and discuss issues affecting the state’s 101 credit unions and the 605,000 members they serve. At the Kansas Credit Union Association’s (KCUA) Annual Day at the Capitol, the message to legislators was two-fold: Be mindful of new legislative and regulatory burdens that affect credit unions’ ability to serve their members, and remember that credit unions remain especially valuable to consumers in today’s tough economy. “While the weather prevented some attendees from participating, those taking part did a great job of carrying the message,” said Marla Marsh, president/CEO of KCUA. “We heard from several legislators that they not only understand the impact of increasing regulations on credit unions, but will work to maintain a balance between protecting consumers and stifling business growth.” That was a main point made during the day’s keynote event--a panel discussion featuring the state’s top legislative leaders: Senate President Steve Morris, Senate Minority Leader Anthony Hensley, House Speaker Pro-Tem Jene Vickrey and House Minority Leader Paul Davis. “People are becoming increasingly mindful that we are over-regulated in certain areas,” said Davis. “But we also have to be cognizant that regulations are in place for a reason. It’s a balancing act.” Morris agreed. “Congress hasn’t figured out how to regulate the big institutions, so they’re over-regulating, and that is affecting smaller institutions,” he said. “We are very conscious about the effects of the laws and try to limit those that aren’t needed.” The day also included scheduled visits with state legislators in both chambers and an afternoon presentation by Kansas State Treasurer Ron Estes, whose office works with KCUA to provide financial literacy camps for students statewide.
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