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Tax, Housing Updates Featured In This Week's Cheney Report
WASHINGTON (11/4/13)--Congressional efforts at tax reform and housing finance reform continue to gain steam. In this week's edition of The Cheney Report, Credit Union National Association President/CEO Bill Cheney updates credit unions on what they can expect and what CUNA is doing to address these issues.

On the tax front, Senate and House leaders have indicated that tax reform discussion drafts could be released soon. In the Senate's case, Cheney noted some drafts could be out as soon as this week. "These are further signs that Congress is shifting its gaze to tax reform as an integral part of tackling federal financial issues. Remember: We must continue telling Congress 'Don't Tax My Credit Union,'" Cheney wrote.

Credit union voices will also be heard this week when CUNA Senior Vice President and Chief Economist Bill Hampel discusses housing finance reform before the Senate Banking Committee. "The focus of the hearing--"Essentials of a Functioning Housing Finance System for Community Based Lenders"--is squarely on lenders such as credit unions," Cheney emphasized.

This week's Cheney Report also highlighted what credit unions are doing in their own community to Unite for Good and demonstrate the credit union difference. Cook Area CU, Cook, Minn., was visited recently by Minnesota Department of Commerce Commissioner Mike Rothman. Rothman during his visit commended the credit union's successful student financial education programs, saying, "Credit unions have an opportunity to be leaders and help communities grow jobs."

CUNA is collecting these stories to showcase how credit unions are joining forces to Unite for Good, and similar stories will be featured each week in The Cheney Report. Cheney encouraged credit unions to visit UniteforGood.org and share how they are helping reach CUNA's shared, strategic vision in which Americans choose credit unions as their best financial partner.

This week's Cheney Report also includes:
  • The results of CUNA's mobile payments survey;
  • Details on National Credit Union Administration Chairman Debbie Matz's appearance on CUNA's "Inside Exchange" video interview series; and
  • News on CUNA's recent regulatory burden and mortgage advocacy efforts.
Use the resource link to read the latest in The Cheney Report.
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