March 1, 2013 – NAFCU President and CEO Fred Becker met with
Senate Small Business Committee Chairman Mary Landrieu, D-La., yesterday to
discuss the committee’s age nda and NAFCU’s concerns,
including the association’sfive-point plan for credit union regulatory
NAFCU’s five-point plan combines ideas and proposals NAFCU
has been promoting for some time with lawmakers and regulators. “We appreciated
the opportunity to speak with Chairman
Landrieu to convey ourmember credit unions’
concerns,” Becker said.
Landrieu’s committee has jurisdiction over Small Business
Administration programs. Becker spoke with
the senator about the need to find and confirm a good
replacement for SBA Administrator Karen Mills, who plans to leave the
NAFCU has collaborated with Mills and her staff over the
past four years on ways to expand small businesses access to credit. She has
been supportive of credit unions and their efforts to use all avenues available
in meeting the needs of their small-business members.
Becker sent NAFCU’s five-point plan, based on input received
from member credit unions, to Congress Feb. 12. The plan calls for
administrative, capital, structural, operational and data security reforms.
Three bills introduced in the House recently address key plan elements: H.R.
688, to provide member business loan authority for credit unions; H.R. 719, to
provide for credit unions’ use of supplemental capital; and H.R. 749, to ease
the yearly privacy notice requirement.
NAFCU is encouraging members to contact their lawmakers in
support of these bills; begin at our grassroots action center.