Aug. 7, 2014 – Credit unions are being encouraged to use Congress’ August recess as an opportunity to air concerns directly with lawmakers about key issues, including NCUA’s risk-based capital proposal, and to keep those issues out front during the Congressional Caucus next month in Washington.
NAFCU Vice President of Political Affairs Katie Marisic, in an email Wednesday, urged credit unions to contact lawmakers over the current recess to discuss their concerns about RBC and the possibility that legislation may be needed later; seek support for regulatory relief measures outlined in NAFCU’s five-point plan; and urge cosponsorship of S. 2698 and S. 2699, bills that, like the recently House-passed H.R. 3468, the “Credit Union Share Insurance Fund Parity Act,” would give credit unions parity with respect to Interest on Lawyers Trust Accounts (IOLTAs).
These issues and more will be highlighted during next month’s Congressional Caucus, which is just five weeks away.Scheduled Sept. 9-12 at the Mayflower Renaissance Hotel, NAFCU’s Congressional Caucus will focus on key legislative, regulatory and economic developments affecting credit unions and their members. General sessions will give the latest developments, and attendees will visit lawmakers on Capitol Hill to air their concerns.In addition to RBC, this year’s Caucus will address overregulation, preservation of the credit union federal tax exemption, data security, the future of housing finance and more.Political analyst Stuart Rothenberg, author of The Rothenberg Political Report and columnist for Roll Call, is this year’s Caucus keynote speaker. Rothenberg is a frequent guest on television’s Meet the Press, This Week, Face the Nation Nightline and more. During his presentation, he will speak about the upcoming midterm elections and potential repercussions for the credit union industry.The Congressional Caucus is open to NAFCU members and nonmembers; register now.