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The Advocate Blog

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

Hampton Roads, Tidewater Chapters Have Successful Day at General Assembly

Credit union champions from Hampton Roads and Tidewater met with their lawmakers on Tuesday in the General Assembly, kicking off the CU Days.

 The League has no bills this session and no major opposition to other legislation, though we are monitoring bills to comment on some of the details. With... More

League, CUs Attend 'Town Hall' with Sen. Mark Warner; Discuss GSE Reform

The Virginia Bankers Association hosted Sen. Mark Warner Friday for a town hall meeting where interested groups discussed GSE reform. League Senior Vice President David Miles and several credit union representatives attended.

The Virginia Bankers Association hosted Sen. Mark Warner Friday for a town... More

CULAC Sets Fundraising Record in 2013

WASHINGTON (1/13/14)--CULAC, the Credit Union National Association's federal political action committee had a record-setting fundraising year in 2013, which followed a banner-flying 2012. 2013's fundraising total of $2.14 million represents CULAC's best non-election year ever.
We're also pleased to... More

CU Days Set for General Assembly Session

Credit union chapters will be heading to Richmond on the following dates:

  • Jan. 20: Piedmont
  • Jan. 21: Tidewater and Hampton Roads
  • Jan. 22: Central VA, Richmond, Roanoke Valley, Southwest
  • Jan. 23: Lynchburg and Southside
  • Feb. 5: NOVA

What the League will do for CU Day
• We will provide background... More

Legislation Begins To Roll in for 2014 General Assembly Session

We’re starting to track legislation filed for the upcoming General Assembly session, which began Jan. 8. The

League has no legislation this session, and so far we have not seen any bills that we need to oppose.
Below is an example of a few bills that have some relevancy to credit unions:

League Attend Prayer Breakfast for Legislators

President Rick Pillow and Vice President for Public Relations Lewis Wood represented the League  Wednesday at the Commonwealth of Virginia Prayer Breakfast.

This annual event is held the morning of the day that the General Assembly convenes.  Pillow said the League was seated next to Del. Greg... More

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