League President Rick Pillow attended three fundraisers at our external lobbying firm of Hunton & Williams this week for lawmakers key to credit unions. The events supported Sen. Minority Leader Dick Saslaw (D-35), and Dels. Jimmie Massie (R-72) and Lynwood Lewis (D-100).
Saslaw and Lewis sit on... More
Virginians have made more than 9,000 contacts to Congress urging them keep the credit union tax exemption.
DuPont Community CEO Gerald Hershey has posted on the DCCU website the letter sent out to members, which reads in part: "Taxing credit unions like DCCU could destroy credit unions as we know... More
In Letters to Sens. Warner and Kaine, League Asks for Their Leadership on Preserving CU Tax Exemption
Last week, in letters to Sens. Mark Warner and Tim Kaine, your League asked for their leadership in helping preserve the credit union tax exemption.
Sen. Max Baucus, who is helping lead the Senate's tax reform effort, has asked all his fellow senators to forward their thoughts by July 26, on which tax... More
The Roanoke Valley and Southside Chapters both plan golf tournaments to support the Virginia Credit Union Political Action Committee (VACUPAC). The Roanoke Valley event tees off Aug. 23; the Southside Chapter hits the links Sept. 13.
You're invited to participate in these tournaments!
Learn more here:... More
Standard Tailored to Credit Unions 'Makes Sense for Today and Tomorrow'
BOSTON, Mass. (July 12, 2013) – Calling the agency’s one-size-fits-all capital requirement “outdated and insufficient,” National Credit Union Administration Board Chairman Debbie Matz said NCUA will build a “new risk-based... More
(From CUNA's News Now)
WASHINGTON (7/12/13)--The nomination of Richard Metsger to become a member of the National Credit Union Administration board is scheduled to be voted on July 16 by the Senate Banking Committee. The panel will meet in executive session at 10 a.m. (ET).
The former Oregon State... More
WASHINGTON (7/11/13, UPDATE 12:34 P.M. ET)--The chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R-Texas), and others of the committee's leadership unveiled a bill today they say is intended to "create a sustainable housing finance system."
The Protecting American Taxpayers... More
A House Financial Services Committee member, Rep. Bill Posey (R-Fla.), said in a recent letter to Treasury Secretary Jack Lew that regulations that would require U.S. credit unions and banks to collect information on interest paid to nonresident aliens, and to report that information to regulators, would... More
Earlier this week League President Rick Pillow attended a fundraiser for Del. Kathy Byron, a Lynchburg delegate who sits on House Commerce and Labor. Her special guest was Congressman Bob Goodlatte (R-6), who told Pillow that he supports the tax exempt status for credit unions. We also read in the Eastman... More
The national average price for overdrafts (ODs) on checking accounts rose to $30 as of June, matching the national average charged by banks the past four years. The cost of overdrafts has risen steadily since 2009, according to a new study, which shows credit unions again remain the best deal... More