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The Advocate Blog

CommonWealthOne FCU Video: 'Tax Exemption Important To You'

That’s the message in the Alexandria-based CommonWealth One FCU's educational video that explains the cooperative business model and how benefits of the credit union tax advantage are passed on to members. The effort is part of CUNA and the Leagues' “Don’t’ Tax My Credit Union” campaign.

CUNA: Don't Miss Out On 'DontTaxMyCU Tuesday'

(From CUNA's News Now)
WASHINGTON (7/22/13)--Maximizing the power of social media to make a single-day punch for credit unions in advance of a Senate deadline for tax reform recommendations is the drive behind 'DontTaxMyCU Tuesday,' a Twitter event sponsored by the Credit Union National Association and... More

League President Pillow Wraps Up Week of Events with Key Lawmakers

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

Credit Unions Step Up Efforts in 'Don’t Tax My Credit Union' Campaign

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

Upcoming Golf Tournaments Will Support VACUPAC

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

NCUA Building 'New Risk-Based Capital Framework'

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

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

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