FYI on Washington Doings: This week your League has been in touch with the banking aides for Sen. Mark Warner, who serves on the Senate’s Banking Committee. On one issue, the Warner staff asked if the League supported a bill that would allow privately insured credit unions access to the Federal Home... More
The U.S. Senate unanimously passed two provisions authored by Senators Mark Warner and Angus King (I-ME) to help relieve America’s small financial institutions, like community banks and credits unions, of regulatory burdens so that they are better able to serve their communities.
Currently, interest... More
Although the race for the U.S. Senate seat is still technically up in the air, it's likely all the federal candidates on the general election ballot supported by the League won their elections on Tuesday.
The League had endorsed and contributed money to U.S. Sen. Mark Warner (D-VA) as well as Congressional... More
CU at the polls next Tuesday! Hard to believe Election Day is right around the corner, and as a reminder, your League has formally endorsed three candidates this year:
- Sen. Mark Warner in the U.S. Senate race.
- Former Lt. Gov. Don Beyer, who is running for the 8th Congressional District seat.... More
As a reminder, your League has formally endorsed three candidates this year:
- Sen. Mark Warner in the U.S. Senate race.
- Former Lt. Gov. Don Beyer, who is running for the 8th Congressional District seat. He hopes to replace the retiring Jim Moran.
- Barbara Comstock, who is seeking the 10th Congressional... More
The U.S. House of Representatives' planned recess the week of CUNA's Governmental Affairs Conference is forcing your League to revamp our plans. As you know, we have traditionally hosted our Congressional Luncheon during the week of the GAC. With the planned recess, we've decided instead to invite lawmakers... More
Senate Majority Leader Reid Pledges Vote on MBL; Contact Sens. Webb and Warner and Urge Their Support
U.S. Senate majority leader Harry Reid (D-Nev.) and Sen. Mark Udall (D-Colo.) both spoke in the Senate floor Thursday in favor of legislation to increase the credit union member business lending (MBL) cap.
Reid indicated that he has been working with Udall to attach the MBL bill to a pending small business... More
The Credit Union National Association’s Governmental Affairs Committee starts full-blown today, and your League and credit union advocates are taking advantage of a day in Washington to visit legislative aides to brief them on our issues before Wednesday’s Congressional Luncheon (and before the bankers... More
Going to the Congressional Luncheon, or just want to stay on top of everything? You can get a summary of our federal issues at the League’s governmental affairs web page. Click here: http://www.vacul.org/advocacy/gov_affairs/index.php and then click on the link for federal issues under Congressional... More
House Majority Leader Eric Cantor (pictured left) greets longtime campaign volunteer Bill Dawson, of Henrico Federal Credit Union. Though Congressman Cantor continues to say he is a fan of credit unions, he declined to add a key credit union member business lending measures to his recent JOBS Act.
League Senior Vice President David Miles and representatives from BayPort Credit Union accompanied business owners with MBLs from BayPort to speak with Sen. Webb’s aide, Charles Stanton, in Virginia Beach.
David reports: “In a meeting this morning with Senator Jim Webb’s regional representative,... More
League Director of Governmental Affairs Karin Sherbin submitted the following report of a meeting in Roanoke with an aide to Sen. Warner, Drew Densmore, who noted that on Tuesday he met with a Martinsville DuPont Credit Union representative, while another Warner aide met with staff from DuPont Community... More
Essential viewing! A well-done video from our friends at Park View Federal Credit Union, featuring interviews with the business owners they’ve aided in the past with MBLs, now can’t thanks to the MBL cap. Here it is: http://bit.ly/pvfcu_MBLs
Credit unions’ small business lending efforts received recognition in three separate features in prominent Washington,D.C. media, including National Public Radio (NPR); theWashington Post’s weekly business journal, Capital Business; and WTOP. They told how the... More
Credit union representatives will meet with Sen. Warner and Rep. Hurt July 25 to urge their support of legislation that would raise the cap on member business lending.
Both lawmakers are key to our efforts: Warner sits on the Senate Banking Committee and Hurt is a member of the House Financial Services... More
The NCUA has notified more than 1,000 credit unions this week – including 36 here in Virginia – that they are eligible to be designated as a Low-Income Credit Union (LICU), because 50.1% of its membership is domiciled in areas meeting defined low-income criteria, based on 2010 census data.
Sadly, the cap on credit union member business lending is having a negative impact on credit unions’ ability to aid small business.
This was reported in Credit Union Times and CUNA’s NewsNow this week…
Of the more than 1,000 small businesses that applied for funding... More