- MEMBER ENGAGEMENT
Curious about what issues may impact credit unions? Looking to get involved? We’re here to help!
Click here for registration, hotel block, agenda, and other important resources for the 2022 CUNA GAC!
The State Advocacy Conferences feature time to interact with your state lawmakers, updates on legislative and regulatory issues and speakers. To view details for your State Advocacy Conference, click below.
The LSCU Advocacy Team spent a week in October meeting with LSCU’s Congressional Delegation, including all six Senate offices, alongside credit union advocates in Alabama, Florida and Georgia during Virtual Fall Hike the Hill 2021. There were several topics discussed, such as the credit union tax-exemption, possible changes to the credit card interchange system, and expanding financial access to underserved communities.
One of the most talked about topics was the proposed IRS Regulations that would require financial institutions to report to the IRS the gross inflows and outflows of accountholders (businesses and individuals) with a breakdown for cash, transactions with a foreign account, and transfers to and from other accounts with the same owner. LSCU’s meetings, coupled with over 130,000 messages to lawmakers, made a huge impact. The proposal was opposed by all GOP house members and 21 Democratic house members. With this large opposition, the Biden Administration dropped the proposal from its Human Infrastructure Package. Thank you to all of our credit union advocates. Without your unrelenting support and grassroots action, this would not have been possible!
For two weeks in September, credit union advocates in all three states within LSCU’s footprint met with forty-four members of Congress and the US Senate for our 2020 Virtual Hike the Hill. While the format of the event changed, the goal remained the same: to remind our lawmakers of the great work credit unions have been doing in their communities despite the specific challenges of the pandemic and to update them on the status of our legislative issues. During both weeks, credit union leaders brought to their attention the assistance that credit unions have been providing to their members during the pandemic and the thoughtful and personalized initiatives that have made a lasting impact in their districts (like the Credit Unions Care Challenge). We urged them to support the Paycheck Protection Program Small Business Forgiveness Act (H.R. 7777 and S. 4117) and any other legislation involving PPP forgiveness. We also informed them of our legislative priorities, including merchant data breach liability and preserving the credit union tax exemption.