Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Summit: Staying quiet not an option for CU advocates
AUSTIN, Texas (8/15/14)--Credit union leaders from Texas, Oklahoma and Arkansas gathered in Austin, Texas, this week to take part in the Cornerstone Credit Union League's 2014 Legislative Summit.

The league hosts the two-day event as an opportunity for credit union minds to come together and discuss strategies for broadening the movement's political influence and to determine state and federal priorities (Leaguer Aug. 14).

On the first day, Jim Phelps, Cornerstone's vice president of advocacy, led the proceedings with an overview of the recent Cornerstone advocacy survey, which aimed to help identify the issues that are most important to credit unions.

One of the overriding results of the survey was that, for a number of reasons, most credit unions believe the industry must be politically engaged. "There's too much at risk to not be involved," said one respondent.

Phelps was followed by Sam Whitfield, Credit Union National Association vice president of legislative affairs, who offered an update on recent legislative activities within Congress.

Whitfield also brought with him the message that credit unions must stay as engaged as they were during the successful "Don't Tax My Credit Union" campaign, explaining that similar efforts could be critical in tackling future regulatory issues.

On the second day, Buddy Gill, National Credit Union Administration senior adviser to the chairman, presented an update on the NCUA.

Gill also touched on the proposed risk-based capital rule, discussing why the NCUA developed the original proposal and the capital standards the administration is considering.

Upon finishing his remarks, Gill opened up the floor to questions, which were largely dominated by those about risk-based capital.
RSS





print
News Now LiveWire
RT @cumagazine: Make a good impression during your #CUNAGAC Hill visits: 8 tips http://t.co/C4gtRbQG2s
24 minutes ago
Taking a walkthrough before #CUNAGAC starts this weekend. http://t.co/k9hktHjm9b
1 hour ago
There will be lots of social media action at 2015 #CUNAGAC that starts in D.C. this Sunday. http://t.co/vyP4XbtFbk
1 hour ago
.@AACUC1 is part of a group of credit union organizations to introduce a new mentor program for small credit unions http://t.co/2vFE45ZnEW
1 hour ago
Perk up after Daylight Saving switch Sunday with #WescomKindness from @TheCoffeeBean @Liz_Wescom
2 hours ago