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Fryzel Activism educates legislators on CU issues
ALEXANDRIA, Va. (5/16/11)--National Credit Union Administration (NCUA) Board Member Michael Fryzel last week said that the face-to-face credit union activism that is achieved in meetings with legislators helps “to educate them on the services that credit unions provide.” Credit union/legislator meetings “carry significant importance this year” and the success that is achieved in the meetings “will continue to resonate for years to come,” he added. Fryzel’s remarks were made before the Illinois Credit Union System’s Legislative Conference in Springfield, Ill. The NCUA board member spoke alongside Illinois Department of Financial and Professional Regulation Secretary Brent Adams and others as part of a panel of state and federal regulators. The grassroots strength of credit unions has been demonstrated during the ongoing fight over a potential interchange fee rate cap, with over 315,000 credit union members reaching out to urge their legislators to "stop, study and start over" on interchange regulations since March. Credit union members, state-based leagues, and individual credit unions have helped generate these comments to members of Congress, and many credit union backers met with legislators in their home districts during April's district work period. The Pennsylvania, New York, North Carolina, Delaware, Minnesota, California and Nevada, and Missouri leagues reported significant interaction during that time. Nearly 30,000 Ohio credit union members from more than 50 credit unions across that state have recently stepped up their own grassroots efforts, urging Sen. Sherrod Brown (D-Ohio) via a signed petition to reconsider moving forward with the Fed’s interchange proposal. For more on CUNA's interchange delay efforts, use the resource link.
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