More than 4,200 credit union leaders attended the Credit Union National Association’s annual Governmental Affairs Conference held this week in Washington, D.C. Kansas had 35 credit union staff represented, from 13 credit unions and the Kansas Credit Union Association including:
Cessna Employees Credit Union
Credit Union of America
Educational Credit Union
Frontier Community Credit Union
Hutchinson Credit Union
K-State Federal Credit Union
Kansas Corporate Credit Union
Mainstreet Credit Union
Meritrust Credit Union
Mid American Credit Union
TECU Credit Union
White Eagle Credit Union
Wichita Federal Credit Union
Appointments with legislators focused on regulatory relief and raising the member business lending cap. Lifting regulatory burden is also a top priority for CUNA, and many speakers also stressed the importance of regulatory relief.
From a CUNA News Now article:
"We plan to continue our good working relationships with the agencies--we want them to respect us even if they don't like us--and continue to provide them with data to show how regulations impact credit union operations,'' CUNA Deputy General Counsel Mary Dunn said during a panel discussion.
Sen. Jon Tester (D-MT) also stressed the importance of regulatory relief saying that credit unions should not have to "pay for the sins of Wall Street." He went on to urge credit unions to be vigilant about lobbying elected officials and letting them know of the added costs from regulatory burdens.
House Majority Leader Eric Cantor (R-Va.) said the rising regulatory burdens on credit unions and other financial institutions needs to be addressed. He went on to say he hoped credit unions and legislators can work together for credit union members to ensure a brighter future.
Member business lending was also a hot top at the GAC.
Rep. Maxine Waters (D-Calif.) addressed the limits on member business loans and said increasing the MBL cap would help all consumers and support future credit union initiatives.
Speakers at the GAC included Senator Elizabeth Warren (D-Mass.) who directed the spotlight to shine brightly on the credit union difference because "that’s what credit unions do-they work for their members” She went on to say credit unions remained a bright spot in the financial industry
Other speakers included Haley Barbour, Former Governor of Mississippi, Tom Brokaw, Correspondent, NBC Nightly News, Jean Chatzky, Financial editor of Today Show and New York Daily News columnist, Terry McAuliffe, Former Chairman of the Democratic National Committee and Chairman of Hillary Clinton for President.