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The Advocate Blog

League Visits All Congressional Offices as Part of Efforts at CUNA GAC

Your League’s Karin Sherbin wrapped up two days of visiting with legislative aides in every single office of our Virginia delegation.

Thanks to Gary Tucker of Eastman Credit Union and David Woodruff, formerly of Commonwealth One and still a Wittman constituent, for attending the meetings with... More

Governor Signs Credit Union Bills

League President Rick Pillow reports that the House versions of our two parity bills - HB 1351 and HB 1686 – have been signed by Gov. Bob McDonnell. They will take effect in July.

We thank all the credit union advocates who helped with our General Assembly efforts this year.... More

CU Charter Enhancements Are Unveiled For 113th Congress

Two key pieces of legislation that would enhance the credit union charter were introduced in the U.S. House last Thursday: One bill (H.R. 688) would address the credit union member business lending (MBL) cap, and another (H.R. 719) would improve credit unions’ access to secondary capital.

“Credit... More

Reps. King, Sherman Introduce Supplemental Capital Bill

WASHINGTON (UPDATED: 2/14/13, 3:45 p.m. ET)--Rep. Pete King (R-N.Y.) and Brad Sherman (D-Calif.) today reintroduced legislation that would permit the National Credit Union Administration to allow credit unions to accept additional forms of capital.

Credit Union National Association President/CEO Bill... More

Credit Union MBL Bill Is Reintroduced

WASHINGTON (UPDATED: 2/14/13, 12:15 p.m. ET)--Rep. Ed Royce (R-Calif.) today reintroduced legislation (H.R. 688) that would increase the credit union member business lending (MBL) cap to 27.5% of assets, from the current 12.25%-of-assets level, and the Credit Union National Association in a letter thanked... More

CU Bills Get Final Seal of Approval; Off to Governor

League President Rick Pillow reports that the House of Delegates this afternoon passed the Senate versions (SB 905 and SB 769) of our credit union bills.

The Senate earlier passed the House versions. What this means is that our bills have received their final legislative seal of approval and... More

More Good News for Credit Union Bills!

League President Rick Pillow reports that the Senate versions of our credit union bills (SB 905 and SB 769) passed the House Commerce and Labor Committee on Thursday, 20-to-0. So, it’s on to the House Floor next week!

The Senate has passed our House companion bills – HB 1351 and HB 1686 – so they’re off to the governor for his signature, which could happen anytime between now and July 1.... More

MDCU Initiative Pays Off with Visit by Rep. Griffith

Last week, Martinsville DuPont Credit Union had a surprise with its meeting with Angie Hall, field representative of Rep. Morgan Griffith (R-9). Besides the Congressman’s aide, the Congressman himself showed up!

MDCU’s Andrew Reynolds and Kevin Laine report that the unexpected visit with the... More

Credit Union Legislation Continues Journey Through General Assembly; Senate Committee Passes House-Approved Measures

UPDATE: (Feb. 6, 2013) (4:40 pm) – HB 1351 and HB 1686 have passed the Senate! They are off to the governor for his signature, something which could occur before the end of the General Assembly session, but certainly no later than July 1.

SB 905 and SB 769 are on the House Commerce... More

Richmond Advocates Knock Out Another Successful CU Day at the General Assembly

More than 20 Richmond credit union advocates, including League Board members Iris Ellis, Rose Gilliam, Patsy Smith and Chris Williams, swept through the General Assembly offices this morning to thank lawmakers for their support of our bills this session and to update them on the Credit Union Difference.... More

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