Minn. advocates discuss credit union issues with federal legislators and regulators
Friday, October 02, 2015
ST. PAUL, Minn. – Representatives from eight Minnesota credit unions and the Minnesota Credit Union Network (MnCUN) were in Washington, D.C., September 29 to October 1, during the MnCUN’s annual Hike the Hill event. The three-day trip included a legislative and regulatory briefing with the Credit Union National Association, and visits to the offices of Minnesota’s congressional delegation. Attendees also met with National Credit Union Administration Chairman Deborah Matz, and the Consumer Financial Protection Bureau.
Topics covered during the visits included: preserving the credit union tax status, reducing credit union’s regulatory burden, enacting charter enhancements, protecting credit union members from merchant data breaches, and patent reform.
“It is always beneficial for us to meet in person with our elected senators and representatives, and other key government officials, to share our credit union stories and perspectives on important issues,” said David Boden, President/CEO of Hiway Federal Credit Union. “The importance of this kind of face-to-face visit was specifically acknowledged and emphasized by many of those with whom we met.”
Minnesota Credit Union attendees included:
- Joe Mathews, Board Member of City & County Credit Union, St. Paul
- Kayla Reiffenberger, Vice President of Finance of Co-op Credit Union of Montevideo, Montevideo
- Kelly McDonough, CEO/President and Lisett Comai-Legrand, VP Operations, of First Alliance Credit Union, Rochester
- Dave Boden, CEO/President of Hiway Federal Credit Union, St. Paul
- Brian Sherrick, CEO/President and Keith Hauge, Board Member, of Ideal Credit Union, Woodbury
- Chuck Albrecht, CEO/President of Mid Minnesota Federal Credit Union, Baxter
- Patrick Rushenberg, SVP/CLO of TopLine Federal Credit Union, Maple Grove
- Greg Higgins, SVP/CAO & General Counsel of Wings Financial Credit Union, Apple Valley
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.6 million members at 400+ locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit www.mncun.org.