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The Advocate Blog

CUNA Advocacy Update: Dec. 4, 11 Key Dates to Watch

Mark these dates on your calendar:  December 4 and December 11. 

December 4 is the date on which authorization for the Highway Trust Fund expires.  This is important to credit unions because the House-passed reauthorization bill includes two credit union provisions:  one would modernize... More

#CUstrong Campaign in Full Swing; Thanks for Leading the Charge at Your CU!

A number of items to report on the legislative front as we continue to ramp up the #CUstrong campaign in support of two bills we'll introduce in the 2016 General Assembly. The bills cover charter flexibility and public deposits. By the way, our charter flexibility bill is the perfect way to influence... More

FOM Proposal Intends to Help Consumer Access to CUs

The National Credit Union Administration (NCUA) voted today to put out for comment its proposal to modernize credit union field-of-membership rules. 

CUNA has launched a full analysis of the proposal and shares early highlights.

[READ MORE]

The proposed rule would modify the definition of service facility... More

Why Privacy Advocates Warn the Cybersecurity Bill Is a Mistake

Is the cyberthreat information-sharing bill steaming through Congress a privacy disaster waiting to happen?

The Cybersecurity Information Sharing Act gives government agencies and businesses free rein to share information about cyberthreats, presumably the better to go after hackers and prevent data breaches.... More

White House Threatens to Veto Fed Reform, CFPB Bills

The White House threatened to veto two bills on Tuesday – one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a "qualified mortgage."

The Fed bill, called the Fed Oversight Reform and Modernization Act, would... More

CUNA: S&L Bill Should Prompt Action on CU Parity

(From CUNA's News Now, Nov. 4)

As a bill to give federal savings associations rights and duties equal with national banks passed a U.S. House committee, a series of lawmakers said Congress should also focus on relief for credit unions, which have a superior safety and soundness record.

The House Financial... More

League Bats 1000 With Wins By All 16 Endorsed Political Candidates

In a win for Virginia's credit unions, all 16 of the state lawmakers the League formally endorsed won re-election bids on Tuesday.

"It was a good day for us and for our friends in the General Assembly," said League President Rick Pillow. "Many organizations steer clear of formal endorsements,... More

Cyberthreat Info-Sharing Bill Passes Senate 74-21

The U.S. Senate passed the Cybersecurity Information Sharing Act (CISA) Tuesday afternoon by a vote of 74-21. The bill will now go into conference committee with the House.

Three amendments to the bill that were opposed by CUNA were left out of the final package. CUNA was also able to prevent the addition... More

League Endorsing 16 State Legislators; Get Out the Vote Next Tuesday!

Your League is endorsing 16 state lawmakers in races all across the Commonwealth. 

As you go to the polls next week, please consider casting your vote for these friends of the movement!

Virginia Credit Union League Endorses Sen. Bill Stanley in 20th District Race

State Sen. Bill Stanley shared news of his endorsement by the League with supporters last week.

Here is the message he forwarded... 

Friends,
This week the Virginia Credit Union League, the statewide trade association for the 150 not-for-profit credit unions headquartered in the Commonwealth, has... More

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