On Wednesday, Alabama and Florida credit unions met with more than 30 Federal lawmakers and staff. Thursday morning, the LSCU Governmental Affairs staff and member credit unions met with Senate staff. The message to lawmakers contains four key points: maintain tax exemption, revisit interchange fees, member business lending and alternative capital.
Wednesday morning House Financial Services Committee Chairman Spencer Bachus (R-AL) and Rep. Debbie Wasserman-Schultz (D-FL) met with credit unions after they spoke at the CUNA GAC. Chairman Bachus reiterated to credit unions that they didn't cause the problems that other institutions did in 2008. He said the carve out didn't work in the Durbin amendment and it needs to be revisited. Rep. Wasserman-Schultz told the group that there are lawmakers willing to work for credit unions. She said that the Durbin amendment is flawed and unfair.
On the Hill, credit unions heard many of these same reactions. For credit unions that would like to take part in Grassroots Advocacy, they should consider attending one of the State GACs over the next few weeks. They can take the same message sent to Federal lawmakers to their State Lawmakers at the State GAC in
Montgomery Mar. 30-31 or
Tallahassee Apr. 13-14. Click the link to register.
House Financial Services Committee
Chairman Spencer Bachus (R-AL)
addresses credit unions back stage at the GAC.
Rep. Alcee Hastings (D-FL) with
Brightstar CU where he is a longtime member.
Rep. Debbie Wasserman-Schultz
speaks to credit unions backstage at the convention center.
Click below to see a wrap up video of Wednesday's Hill visits.