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League President Updates State Legislators on CU Issues

League President Rick Pillow met Tuesday with Senate and House leaders at fundraisers hosted by the League’s lobbying firm, Hunton & Williams.

Pillow met with House Majority Leader Kirk Cox and top Senate Republican leaders: Ryan McDougle, Republican Caucus Chairman and member of the Courts of Justice Committee, which sometimes reviews credit union bills; Jeff McWaters, Republican Whip and member of Commerce and Labor, the main committee for credit unions; Bryce Reeves, Courts of Justice member and patron of a credit union bill this session; Walter Stosch, Senate President ProTem, member of the Commerce and Labor Committee, and chair of the Finance Committee; Bill Stanley, Republican Whip, member of both Commerce and Labor and Courts of Justice, and past patron of credit union legislation; and John Watkins, chairman of Commerce of Labor.

During the fundraisers, Pillow talked to the lawmakers about issues cropping up around the country in other state legislatures, noting that Virginia’s credit unions may want to pursue these issues in 2014. They include public deposits, paying directors, and barring merchants from levying surcharges on payments made with credit cards.

(These issues and more will be discussed at the Sept. 25 Legislative Forum hosted by the League. Please save the date and plan to attend so that your voice will be heard on our state legislative agenda for next year).

Pillow thanked Reeves and Stanley for their past patronage of credit union legislation, and Stanley’s recent participation in the grand opening of a new facility for URW.

Pillow also updated the lawmakers on the credit union advocacy on behalf of its federal corporate income tax exemption, the purchase of property in Richmond for League offices, and the awareness campaign on the Internet to attract young members to credit unions.

Tags: General Assembly

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