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The Advocate Blog

Senate Banking To Vote On Metsger NCUA Nomination July 16

(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

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

House Member Writes Treasury that FACTA Too Much for Small Financial Institutions

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

Congressmen Support Tax Exemption

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

Overdraft Price Study: CUs Still the Best Deal

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

Registration Opens for Sept. 25 Legislative Leadership Forum

This has been quite the year for political involvement! In Washington we have talk of our tax status in danger. On the state level, we have every House seat up for grabs, and election for all three statewide offices. Plus the League has re-launched our governmental affairs and VACUPAC programs.

To make... More

25th Annual VACUPAC Golf Tournament Tees Off Sept. 24

You can register for the Sept. 24 VACUPAC Golf Tournament and Sponsorship Opportunities Online!

This is the link you can use for all your VACUPAC golf needs: http://www.vacul.org/Education/League-Events-Calendar/VACUPAC-2013-Golf-Classic

Register today for the 25th annual VACUPAC golf tournament, to be... More

Aid Our Advocacy Mission: Report Your Micro-Lending Initiatives

Credit unions: We're again collecting your micro-loan data through our Reality Check survey. Basically, we're asking you to report information on loans you've made of $3,000 or less, excluding credit cards.

Please give us a hand and provide this data, which we use to support our advocacy efforts! Report... More

Miller Relief Bill Introduced In House

House Financial Services Committee Vice Chairman Gary Miller (R-Calif.) introduced long anticipated legislation today, H.R. 2572, that would provide regulatory relief for credit unions and community banks.
Miller's bill focuses on credit unions and topics discussed within its section range from such... More

League Represents Credit Unions at Annual Democratic Retreat

League President Rick Pillow and Senior Vice President David Miles are representing Virginia’s credit unions at the annual retreat of Democratic state senators and delegates.

Pillow reports that the League had good conversations on the links with Sen. Henry Marsh (Courts of Justice member), House Minority... More

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