## Credit Union Leagues Advocate for Key Legislation During Washington D.C. Visits
Despite the recent federal government shutdown, credit union advocates from four states – North Carolina, South Carolina, New Jersey, and Pennsylvania – actively engaged with federal lawmakers and regulators this week. Representatives from the Carolinas Credit Union League and CrossState Credit Union Association coordinated the visits to champion priorities for credit unions and their members.
On Monday, leaders from several credit unions – including affinity Federal Credit Union, Credit Union of New Jersey, First Commonwealth Credit Union, Lanco federal Credit Union, Edifi Credit Union, Belco community Credit Union, NJ Gateway Federal Credit Union, Service 1st Federal Credit Union, TruMark Financial Credit Union, and TruStage – convened at America’s Credit Unions‘ D.C. office.They met with key regulatory officials: NCUA Eastern Regional Director John Kutchey, Federal Reserve Financial Services Vice President of Secure Payments for payments System Improvement Mike Timoney, and FinCEN’s Betsy Maesen. Staff from CrossState and America’s Credit Unions also participated.
The following day, advocates focused on direct engagement with members of Congress, urging support for several pieces of legislation designed to strengthen credit unions’ ability to serve their communities. These included the Credit Union Board Modernization Act (H.R.975/S.522), the Central Liquidity Facility Enhancement Act (S. 2545), the Expanding access to Lending Options Act (H.R. 4167), the Veterans Member Business Loan act (H.R. 507/S. 110), and the Increasing Credit Union Lending for Business Growth Act (H.R. 1791). More details on these bills can be found hear.
The Carolinas Credit Union League also led a separate delegation of North and South Carolina credit union representatives,who met with NCUA Chairman Kyle Hauptman at America’s Credit Unions’ D.C. office.
Advocates made contact with both Senate offices representing each of their states, including a meeting with Senate Banking Committee Chair Tim Scott (R-S.C.), and with a majority of relevant House offices and staff during their visits.
