The Alabama State GAC had a successful first day as attendees were treated to a smorgasbord of information from CUNA VP, Legislative Affairs Ryan Donovan, the LSCU's Governmental Affairs staff and four legislators. The day kicked off with a luncheon as Family Security Credit Union and the Cheaha Chapter were honored with PAC fundraising awards.
Donovan walked attendees through CUNA's strategy for pushing interchange and MBL legislation. On interchange, Donovan says CUNA uses a five-point plan. The first point is to make sure the problem is solved. He said the legislation in the House and Senate accomplish this. During his presentation, Donovan pointed out that in 2010, bankers spent more than $30 million in lobby efforts, while credit unions spent a little less than $3 million. That's a large mountain to climb. He told the assembled credit unions to take part in the Action Alert and to rally their members. That's one area where bankers can't compete.
Four state legislators spent time with the group during a Legislative Outlook. All four were credit union supporters and showed support for various credit union issues. They told credit unions that they need to come to Montgomery and provide information for them on legislation. They said many times they can't make informed decisions without knowledge from the groups that the legislation would affect. All four legislators hung around afterward to meet with credit unions from their district.
Credit unions were given an LSCU Legislative and Regulatory update. LSCU SVP, Governmental Affairs Will McCarty said that only 300 bills have been introduced during the 2011 Alabama Legislative session, well below the norm. Credit unions were given a comprehensive state legislative update. On the Reg side, LSCU Director, Compliance Scott Morris told credit unions they need to keep up with regulation changes. He said if their front line staff don't know of a change, the member will remember it for a long time.
During the PAC fundraising roundtable and advocacy best practices session, Listerhill CEO Brad Green told attendees that if they aren't involved in the legislative and fundraising process, they were missing the boat. He told them that if they aren't talking, another group would be in their place. Green, Shane Knobbley from Family Security CU and Alabama CU's Steve Swofford talked about the benefits of PAC fundraising and why it's important.
The LSCU Alabama State GAC wraps up Thursday with a regulatory roundup with NCUA Region III Director Herb Yolles and ACUA Administrator Larry Morgan. Attendees will then head over to the Capitol and spend time with their lawmakers.
Alabama Telco CEO Linda Cencula presents Family Security CEO Shane Nobbley with the President's Award for PAC fundraising
CUNA VP, Legislative Affairs Ryan Donovan presents a federal legislative outlook
LSCU SVP, Governmental Affairs Will McCarty speaks while Director, Compliance Scott Morris looks on
Listerhill CEO Brad Green speaks during the PAC fundraising roundtable
LSCU Director, Legislative Affairs Jason Cochran leads the Legislative Outlook
State Sen. Marc Keahey (D-22nd) addressed credit unions during the Legislative Outlook