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The Advocate Blog

Reps. Forbes, Goodlatte, Rigell and Griffith Sign on to RBC Letter

Congressmen Randy Forbes (R-4), Bob Goodlatte (R-6), and Morgan Griffith (R-9) signed on to the letter that expresses concerns to the National Credit Union Administration about its risk-based capital letter.

They join Reps. Gerry Connolly (D-11), Robert Hurt (R-5), Bobby Scott (D-3), Jim Moran (D-8),... More

It's Thank You Thursday! Tweet Congress, Say Thanks for Protecting CU Tax Exemption

THANK YOU THURSDAY!

The Credit Union National Association is asking credit union members to tweet members of the House Ways & Means Committee today to say thank you for the recent release of Chairman Camp’s tax reform plan that leaves the credit union tax exemption in place.

It’s easy to send... More

Packed Congressional Luncheon Caps off Governmental Affairs Conference in Washington

Ten members of Virginia's Congressional delegation addressed a room full of 140 credit union advocates at Wednesday's Congressional Luncheon in Washington.

Senators Warner and Kaine and House Majority Leader Eric Cantor praised credit unions and highlighted their perspective on issues ranging from... More

Risk-Based Capital Rule Comments Due 90 Days From Today; Special Education Session at League Annual Meeting to Cover NCUA Proposal

The risk-based capital rule proposed by the National Credit Union Administration at its February open board meeting -- and hotly discussed by credit unions since – has been published in the Federal Register, signaling thestart of the 90-day comment period. The Credit Union National Association urged... More

Tax Committee Staff Clarifies: No Intention to Impose Additional Tax on CUs -Including UBIT

The specific credit union tax status is left untouched in a tax reform plan released Wednesday by House Ways and Means Committee Chairman Dave Camp (R-Mich.), and staff of the tax writing committee have clarified that the proposal has "no intention of imposing any additional taxes on credit unions."... More

CUNA Launches Action Center on Risk-Based Capital Proposal; CUs Can Voice Concerns to NCUA

The National Credit Union Administration is seeking comments on a proposal regarding risk based capital (RBC) requirements under its prompt corrective action rules. This is easily the most important proposal that NCUA has released in years. The Credit Union National Association's analysis shows that,... More

Royce to Intro New MBL-Related Legislation This Week

Legislation that would exempt certain housing loans from the member business lending cap will be introduced this week, Rep. Ed Royce (R-Calif.) told 2014 Credit Union National Association Governmental Affairs Conference attendees this morning. The bill, known as the Credit Union Residential Loan Parity... More

Camp Says Tax Discussion Draft Will be Out Next Week

House Ways and Means Committee Chairman Dave Camp (R-Mich.), in a memo to Republican committee members, said he plans to release draft reforms to the U.S. tax code the week of Feb. 24 ( Bloomberg BNA, Politico Feb. 19). The Credit Union National Association will have 4,300 credit union advocates hitting... More

No TCCUSF Assessment This Year, Nor Likely Going Forward

Credit Union National Association President/CEO Bill Cheney called it "welcome news for credit unions" when the National Credit Union Administration confirmed Wednesday that there would be no Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessment charged in 2014.

"As CUNA... More

NoVA Chapter Wraps Up CU Day Events with Successful Richmond Visits

About 20 members of the NoVA Chapter held the last of this year’s CU Days at the General Assembly on Tuesday. A successful round  of conversations with legislators included formal appointments with freshmen and then meet and greet at a reception held in a conference room of the General Assembly... More

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