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The Advocate Blog

League President Pillow Meets with Candidate for 7th House District Seat

League President Rick Pillow met yesterday with Dave Brat, the Republican candidate for the 7th House District.

Brat toppled House Majority Leader Eric Cantor earlier this year in a primary. Pundits put Brat ahead in the race against Democrat Jack Trammell in the heavily Republican district.

Brat has visited... More

Legislative Lollapalooza Raises Money for VACUPAC and Awareness on Advocacy

By Karin Sherbin

Golf Tourney Raises $6,000-Plus for VACUPAC

Bill Dawson

Faithful VACUPAC Golf Tournament volunteer Bill Dawson.

... More

Overwhelming Number of Lawmakers Give Message to NCUA on RBC Proposal

(From CUNA's News Now)WASHINGTON (9/9/14)--Federal legislators on both sides of the aisle have joined their voices with the unprecedented 2,056 comments from people and organizations expressing concerns with the National Credit Union Administration's risk-based capital (RBC) proposal. Since the rule... More

Credit Unions Meet with Rep. Randy Forbes

Credit union representatives from Chartway Federal Credit Union and ABNB Federal Credit Union met with Congressman Randy Forbes (R-4) on Thursday in his Chesapeake office. Topics included regulatory burden, especially with the added rules handed down by the Consumer Financial Protection Bureau, inequity... More

CUNA, Leagues Press Credit Union Issues with State Legislators

CUNA and several state leagues participated in national meetings of state legislators this summer; ensuring that credit union interests were advanced and protected. Promoting the milestone of 100 million memberships was a key component of our advocacy work at the annual Legislative Summit of the National... More

League Endorses Sen. Mark Warner for Re-Election

The Virginia Credit Union League, the statewide trade association representing 164 not-for-profit credit unions and their 3.25 million member-owners, is endorsing Sen. Mark R. Warner in his re-election bid for the U.S. Senate.

“Senator Warner is a longtime advocate and friend of our member-owned credit... More

Credit Unions, League Meet with Congressmen on Key Issues

Credit union representatives and League staff met with Congressman Bobby Scott (D-3) and Congressman Gerry Connolly (D-11) in separate district meetings this week.

The head of Virginia Credit Union’s member business lending program, Mike Noble, and a member of the Board of Directors, Roscoe Roberts,... More

26% of Senate, 76% of House Now Have Voiced RBC Plan Concerns

(FROM CUNA's NEWS NOW)WASHINGTON (8/8/14)--Two more U.S. senators have sent a letter of concern to the National Credit Union Administration regarding its risk-based capital proposal, bringing the total number of Senate lawmakers to weigh in to 26. That's 26% of the chamber's members. And on the House... More

Bill to Fight Patent 'Trolls' Passes House Subcommittee

(From the Credit Union National Association)

The House subcommittee on commerce, manufacturing and trade voted 13-6 Thursday to advance a bill designed to combat abusive patent demand letters. The Targeting Rogue and Opaque Letters (TROL) Act of 2014 would crack down on unfair or deceptive practices... More

Cantor a 'CU Friend' During 13 Years on Hill

Credit unions will lose a friend on Capitol Hill with Rep. Eric Cantor's Republican primary loss Tuesday. "Rep. Cantor has been a friend to the Commonwealth's credit unions stretching back to his service in the Virginia General Assembly," said David Miles, senior vice president of the Virginia... More

House to Study CUNA-Backed CFPB Reform Legislation

(From the Credit Union National Association)
WASHINGTON (6/10/14)--The House Financial Services Committee will mark up six bills relating to the structure and reach of the Consumer Financial Protection Bureau June 10 starting at 10 a.m. (ET). These bills have been supported by the Credit Union National... More

Mortgage Choice Act Passes, Appropriations on Radar

(From the Credit Union National Association)

WASHINGTON (6/10/14)--The U.S. House passed the Mortgage Choice Act (H.R. 3211) by a voice vote Monday evening under suspension of the rules. Both houses of the U.S. Congress are in session this week, and they will remain in session through the end of the month.  ... More

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

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

CUNA Backs Patent Improvement Bill Filed by Virginia's Bob Goodlatte with Letter of Support

"Financial institutions of every size have been targeted by non-practicing entities (NPEs), often referred to as patent trolls, who in most cases assert low-quality business method patents through vaguely worded demand letters," the letter said.

The letter thanked Rep. Bob Goodlatte (R-Va.)... More

WGL CEO Lynette Smith Tells Congress To Roll Back CFPB Authority

A prominent credit union executive from Virginia called on Congress Tuesday to undertake major changes to ease the authority of the fledgling Consumer Financial Protection Bureau over credit unions and banks.

"I cannot emphasize enough how burdensome and costly the unnecessary and duplicative compliance... More

Bills Would Allow Prize Linked Savings Accounts

Federal legislation that would allow credit unions and other financial institutions nationwide to offer prize-linked savings accounts (PLS) was introduced in the U.S. House and Senate this week.

[read more]

Credit Union Advocates Meet with Rep. Scott Rigell

Credit union advocates from Chartway Federal Credit Union and ABNB Federal Credit Union held a frank discussion with Rep. Scott Rigell on Monday in his district office on the credit union tax exemption and other  topics.

ABNB CEO Carl Ratcliff joined with Chartway representatives -- Kim Little (Regional... More

House GSE Reform Bill Is Unveiled

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

CU Grassroots Tax Status Advocacy Effort Builds

Credit unions and their members already are heeding the call from the Credit Union National Association and the state credit union leagues to deliver this message to federal lawmakers: Don't Tax My Credit Union. And CUNA continues to add resources to its Tax Status Toolkit to support advocacy efforts... More

Ways And Means Working Group Tax Reform Report Delivered

The credit union tax status is one of many issues discussed in the just-released report on tax policy reform created by 11 House Ways and Mean working groups and delivered to the Joint Committee on Taxation.

The 550-plus page report does not contain any policy recommendations, but lists the pluses and... More

CUNA Says Relief Bill Is Good As First Step

Credit Union National Association President/CEO Bill Cheney Friday commended Rep. Blaine Luetkemeyer (R-Mo.) for introducing legislation that would address several regulatory burdens facing credit unions and community banks.

"This legislation is a good first step toward providing regulatory relief,... More

CUs Must Be Heard As Tax Talk Intensifies

The Credit Union National Association is vigorously defending the credit union tax exemption as the U.S. Congress continues to consider broad tax code changes.

However, "the days of playing defense are coming to an end--and the time for actively advocating for a continued tax exemption is here,"... More

CUNA: Fin Lit Bill Will Complement CU Efforts

(From CUNA's News Now) Credit unions work hard to improve financial literacy in their communities, and Sen. Kay Hagan's (D-N.C.) new financial education bill will surely aid those efforts, the Credit Union National Association said Thursday.
 
During a financial literacy hearing Wednesday held... More

Cost Of Reg Burden Gets Human Face From CUNA Witness

The overwhelming regulatory burden, and the difficulty of raising capital, have made it more difficult for her credit union to reach out effectively to the Hispanic community in her area, the Credit Union National Association's witness told a hearing today on providing credit unions with regulatory... More

Senate Privacy Notice Bill Is Taking Form

A Senate version of legislation that would make significant improvements in privacy notices for consumers could be introduced in the near future, perhaps as early as this week, Credit Union National Association Senior Vice President for Legislative Affairs Ryan Donovan noted on Monday.

The bill is expected... More

House Democrats Introduce Overdraft Fee Bill

House Democrats introduced a bill Wednesday designed to address concerns about the overdraft fees banks charge consumers when a checking account is overdrawn.

The "Overdraft Protection Act," cosponsored by 46 lawmakers including the House Financial Services Committee's two top Democrats, Reps.... More

CUNA To Testify At April 10 CU Burden House Hearing

The Credit Union National Association expects to testify at an April 10 House Financial Services financial institutions and consumer credit subcommittee hearing on the regulatory burdens facing credit unions.

The credit union hearing, which is part of a 2013 series to study, in part, the impact of the... More

House Majority Leader and Virginia Congressman Eric Cantor Addresses CUNA GAC

League President Rick Pillow introduced Majority Leader Rep. Eric Cantor at CUNA’s Governmental Affairs Conference on Wednesday.

League President Rick Pillow introduced Majority Leader Rep. Eric Cantor at CUNA’s Governmental Affairs Conference on Wednesday.

The U.S. Congress could learn much from credit unions, House Majority Leader Eric Cantor (R-Va.) suggested in a Wednesday speech at the Credit Union National Association’s... More

Sen. Warner, House Majority Leader Cantor & Other Delegation Members Address CU Advocates at Congressional Luncheon

[VIEW PHOTO GALLERY]

More than 120 credit union advocates from around the Commonwealth converged in Washington Wednesday for the League’s annual Congressional Luncheon.

Most of Virginia’s delegation members attended the event, although two attendees … Reps. Bobby Scott (D-3) and Jim Moran (D-8) …... More

Rep. Connolly Meets With Credit Union Representatives at League’s Annual Congressional Luncheon

WASHINGTON – Congressman Gerry Connolly joined members of the Virginia Credit Union League at their annual Capitol Hill luncheon for Virginia’s congressional delegation. In his comments, Connolly praised the credit unions for their growth in membership and lending and cited their positive impact... More

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

King, Sherman Introduce CU Capital Bill

In a bill the Credit Union National Association (CUNA) says will enhance the safety and soundness of the credit union system, Reps. Peter King (R-N.Y.) and Brad Sherman (D-Calif.) have proposed to permit the National Credit Union Administration (NCUA) to allow credit unions to accept additional forms... More

We’re Starting the GAC with a Mini-Hike the Hill

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

Get Your Federal Briefing Material Here!

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

Credit Unions Volunteer on Election Campaigns

It’s true that we can’t outgive the bankers when it comes to supporting political campaigns; they’re quite good at putting their deep pockets to work!

But one of the many ways we do shine in helping our political friends is by volunteering our time and talents for their campaigns. Belvoir Federal... More

CU Advocates Tell Senate Banking Aides the Time Is Now To Support MBL Bill

Credit union advocates beat the bankers to the punch by talking to legislative aides Monday before bankers do their own Hike the Hill today where they will spend just as much energy lobbying against credit unions as they will tending to their own garden.

There’s a glimmer of optimism around S. 509,... More

League, CUs Push for MBL Support on House Side; Congressmen Generally Supportive of Fair Exams Bill

League representative Karin Sherbin continued the mini-hike on the House side, joined by Board member Stan Leicester of BayPort at the meeting with the banking aide of his own Congressman, Rob Wittman. BayPort does MBL, and Leicester talked of demand and how some of their members were unable to get capital... More

Credit Union Member Business Lending Legislation Dominates Conversation at Congressional Luncheon

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.

This... More

Credit Union Reps Off to Washington to See Sen. Warner, Rep. Hurt

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

MBL Caps Slow Biz2Credit’s Credit Union Loan Approvals

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

Virginia Credit Union League Endorses Tim Kaine for U.S. Senate

The Virginia Credit Union League, which represents 184 not-for-profit credit unions and the 3 million Virginians they serve, today announced its endorsement of former Virginia Gov. Tim Kaine in his bid for the U.S. Senate.

“Decisions made in Washington have a direct impact on credit unions’ ability... More

Martinsville Bulletin: Rep. Griffith Says Small Businesses Burdened by Regulations; Credit Union Rep Attends Special Meeting

In a closed-door meeting that involved a representative from Martinsville DuPont Credit Union, Congressman Griffith (R-9) heard small businesses decry regulations.

MDCU attended the private meeting as a guest of Del. Don Merricks, who offered the invite after the Piedmont Chapter’s meeting last week... More

Longtime CU Champion Urges Richmond Chapter To Remember Legislative Advocacy Is Crucial

Dan Adams, a fixture in the credit union movement who capped his career with a long run as CEO of Bellwood before recently retiring, reminded the Richmond Chapter last night that credit unions are political creatures.

While member business lending legislation is a priority for credit unions now, Adams... More

NoVa Chapter Hosts Legislators, Aides at Oct. 10 Event

CONTACT:
Karin Sherbin
Director of Governmental Affairs
800.768.3344, ext. 626
ksherbin@vacul.org

Here is the official report of who was at the Northern Virginia legislators’ reception Oct. 10:

Legislators and Officials Attending:

  • Representative Gerry Connolly
  • Mary Ann Cannon from Representative... More

Tidewater Chapter Marks Legislators’ Night

CONTACT:
Lewis Wood
Vice President of Public Relations and Communications
800.768.3344, ext. 629
lwood@vacul.org

More than sixty credit union supporters attended the Tidewater Chapter’s Legislative night on Oct. 11. State Sen. Ken Alexander and Del. Lionel Spruill Sr. were in attendance and thanked... More

Virginia Hikes the Hill in End of Session Effort To Move MBL Legislation

Virginia hikes the hill 1

Credit Union representatives from Martinsville DuPont Credit Union visit with Rep. Morgan Griffith (pictured second from left) to... More

CUNA Action Call urges CUs to Oppose TAG Bill

WASHINGTON (UPDATED: 4:00 P.M. ET, 12/6/12)–In a new call to action, the Credit Union National Association (CUNA) is encouraging its member credit unions and leagues across the country to contact and urge their senators to oppose legislation that would extend for banks the Transaction Account Guarantee... 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

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

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