Hike the Hill: June 9-11, 2014
Hike the Hill provides credit union representatives with an exciting opportunity to meet with federal legislators and talk about top credit union issues, face-to-face, in Washington, D.C. During Hike the Hill visits, credit union professionals and volunteers meet with the entire Minnesota Congressional Delegation and typically visit the NCUA Board, CUNA and/or Credit Union House on Capitol Hill.
The three-day Washington, D.C., trip includes a legislative and regulatory briefing with CUNA to provide information on the critical issues facing credit unions as well as background information about the current happenings on the Hill. Attendees will then meet with offices of Minnesota's Congressional Delegation.
Flight & Hotel
Attendees are responsible for booking their own flight to and from Washington, D.C. Due to varying meetings, the Network recommends that you schedule your flight into D.C. to arrive by mid-afternoon on June 9 and return to Minnesota late afternoon on June 11. Additional details on the schedule will be available to attendees as the event gets closer.
Additinally, MnCUN typically coordinates a Hike the Hill room block at a D.C. hotel to make logisitcal arrangements easier for attendees. Specific room block information will be available as the event gets closer.
With questions about Hike the Hill, contact MnCUN Political Advocacy Director Ryan Smith by email or at (651) 288-5533.
Hike the Hill 2013 recap
Minn. CU advocates talk tax reform, lending and regulations with federal legislators
Twelve Minnesota credit union advocates, including volunteers and board members, were in Washington, D.C., Oct. 1-3, during the Minnesota Credit Union Network's annual Hike the Hill event. Attendees discussed several issues impacting credit unions with Minnesota's federal legislators, including tax reform, small business lending and the regulatory burden credit unions are facing.
During meetings with the state's Congressional Delegation, the group focused on tax reform and the credit union corporate income tax exemption. They urged legislators to protect the tax exemption in any potential rewrite of the federal tax code. Minnesota credit unions provide nearly $110 million in direct financial benefits to the state's 1.5 million credit union members, translating into saving the average member $71 a year and the average member household $135 a year.
Another topic discussed with legislators was raising the member business lending (MBL) cap, which would enable credit unions to help more small businesses obtain loans. The Credit Union Small Business Jobs Creation Bill (H.R. 688, S. 968), which would raise the MBL cap, would allow Minnesota credit unions to lend up to $193 million in its first year of enactment, creating more than 2,000 new jobs in the state.
Attendees also met with NCUA Chairman Deborah Matz and Elizabeth Ellis, CFPB Deputy Assistant Director for the Office of Financial Institutions and Business Liaison. Those discussions focused on the challenges credit unions are facing with conducting operations in today's stringent regulatory environment, including those related to privacy notification requirements and credit union examinations.
"Hike the Hill is a great opportunity to meet with federal legislators and regulatory officials to advocate for our credit unions and discuss the issues they face,” said Mara Humphrey, MnCUN Vice President – Governmental Affairs. "The trip is always an important way of advocating with federal officials on behalf of credit unions."
The three-day Washington, D.C., trip included a legislative and regulatory briefing with CUNA and visits at the offices of all Minnesota's federal elected officials.