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
Fairfax County Federal Credit Union CEO Joe Thomas took advantage of the Congressional August recess to meet with Rep. Frank Wolf (R-10) on Monday.
Wolf, a credit union member himself, co-sponsored the milestone Credit Union Membership Access Act (H.R. 1151) in 1998, demonstrated his usual caution when... More
The National Credit Union Administration backs a bill that would allow well-capitalized credit unions to match a growing deposit base from a growing membership with capital from sources other than retained earnings--which currently is the only type of capital that counts toward capital ratio.
Under current... More
Sen. Warner, House Majority Leader Cantor & Other Delegation Members Address CU Advocates at Congressional Luncheon
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
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
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
Two key pieces of legislation that would enhance the credit union charter were introduced in the U.S. House last Thursday: One bill (H.R. 688) would address the credit union member business lending (MBL) cap, and another (H.R. 719) would improve credit unions’ access to secondary capital.
WASHINGTON (UPDATED: 2/14/13, 3:45 p.m. ET)--Rep. Pete King (R-N.Y.) and Brad Sherman (D-Calif.) today reintroduced legislation that would permit the National Credit Union Administration to allow credit unions to accept additional forms of capital.
Credit Union National Association President/CEO Bill... More