February 28, 2013

Becker talks issues with Landrieu

2013 Fred Becker 192h2013 Mary Landrieu 192h
NAFCU President and CEO Fred Becker and Senate Small
Business Chairman Mary Landrieu, D-La., met Thursday on
issues important to credit unions.

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 relief.

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 agency.

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.