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The Advocate Blog

Overwhelming Number of Lawmakers Give Message to NCUA on RBC Proposal

(From CUNA's News Now)WASHINGTON (9/9/14)--Federal legislators on both sides of the aisle have joined their voices with the unprecedented 2,056 comments from people and organizations expressing concerns with the National Credit Union Administration's risk-based capital (RBC) proposal. Since the rule... More

Credit Unions Meet with Rep. Randy Forbes

Credit union representatives from Chartway Federal Credit Union and ABNB Federal Credit Union met with Congressman Randy Forbes (R-4) on Thursday in his Chesapeake office. Topics included regulatory burden, especially with the added rules handed down by the Consumer Financial Protection Bureau, inequity... More

CUNA, Leagues Press Credit Union Issues with State Legislators

CUNA and several state leagues participated in national meetings of state legislators this summer; ensuring that credit union interests were advanced and protected. Promoting the milestone of 100 million memberships was a key component of our advocacy work at the annual Legislative Summit of the National... More

Credit Unions Hold Meet-and-Greets With 7th District Candidates

Virginia Credit Union and Entrust Financial Credit Union hosted onsite visits for Republican 7th District Congressional candidate Dave Brat two weeks ago, with Virginia Credit Union also hosting Democratic challenger Jack Trammell Aug. 25.

The visits enabled credit unions in the 7th District to start... More

League Endorses Sen. Mark Warner for Re-Election

The Virginia Credit Union League, the statewide trade association representing 164 not-for-profit credit unions and their 3.25 million member-owners, is endorsing Sen. Mark R. Warner in his re-election bid for the U.S. Senate.

“Senator Warner is a longtime advocate and friend of our member-owned credit... More

Piedmont Chapter Hosts Legislative Night

The Piedmont Chapter held this year’s first Legislator’s Event on Tuesday at its meeting in Danville. Four state lawmakers attended: Sen. Frank Ruff (R-Clarksville), and Dels. Les Adams (R-Chatham), Danny Marshall (R-Danville) and Charles Poindexter (R-Glade Hill). 

Legislatives aides Angie... More

26% of Senate, 76% of House Now Have Voiced RBC Plan Concerns

(FROM CUNA's NEWS NOW)WASHINGTON (8/8/14)--Two more U.S. senators have sent a letter of concern to the National Credit Union Administration regarding its risk-based capital proposal, bringing the total number of Senate lawmakers to weigh in to 26. That's 26% of the chamber's members. And on the House... More

Credit Unions, League Meet with Congressmen on Key Issues

Credit union representatives and League staff met with Congressman Bobby Scott (D-3) and Congressman Gerry Connolly (D-11) in separate district meetings this week.

The head of Virginia Credit Union’s member business lending program, Mike Noble, and a member of the Board of Directors, Roscoe Roberts,... More

Senators Introduce More Reg Relief for CUs, Small Banks

(FROM CUNA's NEWS NOW)WASHINGTON (7/31/14)--U.S. Sens. Angus King (I-Maine), Deb Fischer (R-Neb.), Mark Warner (D-Va.), and Jon Tester (D-Mont.) unveiled new legislation Wednesday intended to provide immediate regulatory relief for America's credit unions and community banks.
 
Calling these smaller... More

House Panel Members Pledge to Work for CU Parity, Also Pass Reg Relief Bill

WASHINGTON (7/30/14)--The House Financial Services Committee examined a number of regulatory relief bills Tuesday, and of the three supported by the Credit Union National Association, one was passed and the other two will go to a recorded vote this morning. Several representatives from both parties... More

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