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News Now

Washington
Hill staffers hear CU perspective in CUNA briefing
WASHINGTON (1/25/11)--New members of the House Financial Services Committee team, as well as other congressional staffers, were the focus Monday of the Credit Union National Association’s (CUNA) briefing on credit union issues on Capitol Hill. About 50 congressional staff members, from offices of House members across the nation, attended CUNA’s briefing “Understanding Credit Unions” on Capitol Hill Monday. The briefing, which featured updates by CUNA staff, focused on how credit unions are different from other financials; the challenges credit unions face and how they address them); and, what Congress can do to help credit unions better serve their members. CUNA President/CEO Bill Cheney kicked off the discussion by
Click to view larger image CUNA President/CEO Bill Cheney (seated at table second from left) and senior CUNA staff brief 50 Capitol Hill staffers on the credit union difference and how the 112th Congress can help credit unions better serve their members. (CUNA Photo)
detailing the credit union difference, and outlining the key issues facing credit unions. CUNA’s economic team of Bill Hampel and Mike Schenk described the operating environment and outlook for credit unions. Mary Dunn, CUNA senior vice president of regulatory advocacy, gave an overview of the regulatory burden facing credit unions, including the impact of the new Interchange law. And Ryan Donovan, CUNA vice president of legislative affairs, gave details of the credit union legislative agenda for the next year. According the CUNA Senior Vice President of Legislative Affairs, John Magill, the room was packed with congressional staff to hear the credit union message. “We had staffers up and down the seniority list,” Magill noted, “from chiefs of staff to legislative correspondents, from both sides of the aisle and representing offices from all across the country. Many of those attending were from offices of newly elected representatives--precisely who we hoped to reach.”


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