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The Advocate Blog

League Contacts Warner's Staff on Number of Legislative Issues

FYI on Washington Doings: This week your League has been in touch with the banking aides for Sen. Mark Warner, who serves on the Senate’s Banking Committee. On one issue, the Warner staff asked if the League supported a bill that would allow privately insured credit unions access to the Federal... More

Sens. Warner, King Usher Regulatory Relief for Community Banks, Credit Unions Through Senate

The  U.S. Senate unanimously passed two provisions authored by Senators Mark Warner and Angus King (I-ME) to help relieve America’s small financial institutions, like community banks and credits unions, of regulatory burdens so that they are better able to serve their communities.

Currently,... More

League-Backed Candidates Win on Election Day!

Although the race for the U.S. Senate seat is still technically up in the air, it's likely all the federal candidates on the general election ballot supported by the League won their elections on Tuesday.

The League had endorsed and contributed money to U.S. Sen. Mark Warner (D-VA) as well as Congressional... More

Election 2014: CU at the Polls!

CU at the polls next Tuesday! Hard to believe Election Day is right around the corner, and as a reminder, your League has formally endorsed three candidates this year:

  • Sen. Mark Warner in the U.S. Senate race.
  • Former Lt. Gov. Don Beyer, who is running for the 8th Congressional District seat.... More

Don't Forget to Vote Today!

As a reminder, your League has formally endorsed three candidates this year:

  • Sen. Mark Warner in the U.S. Senate race.
  • Former Lt. Gov. Don Beyer, who is running for the 8th Congressional District seat. He hopes to replace the retiring Jim Moran.
  • Barbara Comstock, who is seeking the 10th Congressional... More

League to Host Congressional Reception on March 10

The U.S. House of Representatives' planned recess the week of CUNA's Governmental Affairs Conference is forcing your League to revamp our plans. As you know, we have traditionally hosted our Congressional Luncheon during the week of the GAC. With the planned recess, we've decided instead to invite lawmakers... More

Senate Majority Leader Reid Pledges Vote on MBL; Contact Sens. Webb and Warner and Urge Their Support

U.S. Senate majority leader Harry Reid (D-Nev.) and Sen. Mark Udall (D-Colo.) both spoke in the Senate floor Thursday in favor of legislation to increase the credit union member business lending (MBL) cap.

Reid indicated that he has been working with Udall to attach the MBL bill to a pending small business... 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... 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... 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

Push for Raising MBL Cap Continues; League, CUs Meet With Webb Aide

League Senior Vice President David Miles and representatives from BayPort Credit Union accompanied business owners with MBLs from BayPort to speak with Sen. Webb’s aide, Charles Stanton, in Virginia Beach.

David reports: “In a meeting this morning with Senator Jim Webb’s regional representative,... More

League, CUs Meet With Warner Aide in Campaign to Raise MBL Cap

League Director of Governmental Affairs Karin Sherbin submitted the following report of a meeting in Roanoke with an aide to Sen. Warner, Drew Densmore, who noted that on Tuesday he met with a Martinsville DuPont Credit Union representative, while another Warner aide met with staff from DuPont Community... More

Radio Spot in Support of Raising MBL Cap Running in State Markets

In case you haven’t yet heard it, here’s the radio spot (mp3, 960kb) we’re sponsoring in partnership with CUNA in support of raising the MBL cap! Understanding the importance of the fight for MBLs, your League Board set aside $50,000 to help pay for advertising in... More

Must See on YouTube: Park View’s Video in Support of SB 2231

Essential viewing! A well-done video from our friends at Park View Federal Credit Union, featuring interviews with the business owners they’ve aided in the past with MBLs, now can’t thanks to the MBL cap. Here it is: http://bit.ly/pvfcu_MBLs

Washington Post, NPR, WTOP: Biz Lending Stymied by Limits

Credit unions’ small business lending efforts received recognition in  three separate features in prominent Washington,D.C. media, including National Public Radio (NPR);  theWashington Post’s weekly business journal, Capital Business; and ... 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

NCUA Streamlines LICU Eligibility to Help Credit Access

The NCUA has notified more than 1,000 credit unions this week – including 36 here in Virginia – that they are eligible to be designated as a Low-Income Credit Union (LICU), because 50.1% of its membership is domiciled in areas meeting defined low-income criteria, based on 2010 census data.... 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... More

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