Last week, over 100 credit union professionals and board members attended the Governmental Affairs Conference (GAC) in Washington D.C.
As part of the conference, the Minnesota delegation met with both Senators Klobuchar and Smith, as well as the eight Minnesota U.S. members, to discuss issues that impact credit unions. The conversations focused on the current regulatory environment, its impact on operations at credit unions of all sizes and ways that Congress can help. Last week during the conference, Rep. Luetkemeyer (R-MO) introduced the Secure Payments Act, which would prevent the Federal Reserve from finalizing the implementation of their cap on interchange rates until they’d studied and done an impact analysis on the rule’s effect on financial institutions. Minnesota Credit Union Network have talked with several members of Congress about signing on as co-sponsors. "Hearing about the Fed’s cap on interchange rates directly from credit unions really helped make the case for its negative impact," said MnCUN Chief Advocacy Officer Ryan Smith. "Thanks to all who attended the Congressional meetings at GAC and advocated for Minnesota credit unions and their members." Minnesota attendees also met with the new NCUA Board member Tanya Otsuka to discuss her new role and the industry and for her to hear directly from the credit unions that she now supervises about the challenges they face on a daily basis. She pledged to always be open to meeting with credit unions and from hearing about our concerns on issues that the NCUA, and other regulators, might be proposing. MnCUN will be working with her staff to get her to Minnesota for a visit.
Minnesota GAC Crasher
Minnesota is represented in the Cooperative's Trust Crash the GAC program by Lizzy Cheney, Recruiter with Members Cooperative Credit Union. The 2024 Crash the GAC delegation comprises 58 talented credit union professionals from across the country who have demonstrated exceptional dedication to the credit union movement. CU House Hall of Leaders Inducted Congratulations to our CU House Hall of Leaders inductees, Julia Havens, Riverview Credit Union and Dan Stoltz, Blaze Credit Union! They were inducted in a ceremony on Sunday at CU House. At the State Capitol, The House Commerce committee took up and passed a bill on Monday that would prevent out of state banks from importing their interest rates on short-term, payday-like loans, circumventing the rate caps the legislature put in place last year.
Minn. Climate Innovative Finance Issues Request for Information on Financial Products and Programs: Last year, the Minnesota legislature passed a bill to create the Minnesota Climate Innovative Finance Authority (MnCIFA, or sometimes called a "green bank") that is designed to focus on two funding sources.
Discounted Pricing for IMPACT 24 Ending Soon: Receive $50 off registration by registering before February 23, 2024. Additionally, Small Credit Unions, Grassroots Coordinators and CREW Young professionals are eligible for discounted pricing.
Congress in Recess; Minnesota Legislative Session Underway: Congress is currently in recess and will return prior to the expirations of continuous resolutions that currently fund the government. Treasury Secretary and NCUA Chair Support Third Party Vendor Oversight: Treasury Secretary Janet Yellen testified to the House Financial Services Committee and the Senate Banking Committee last week to give the annual report of the Financial Stability Oversight Council.
2024 Minnesota Legislative Session Begins with New Bill Proposals and New Senate Leadership: Monday was the first day of the shorter, even-year legislative session.
This important advocacy event forms the foundation for a positive working relationship with legislators throughout the Legislative Session. Through education sessions, legislative briefings, keynote speakers and legislative visits, IMPACT 24 brings the credit union message to elected officials.
Early bird discounts are available until February 23, 2024. With questions, contact Ryan Smith, Chief Advocacy Officer Lizzy Cheney, Recruiter with Members Cooperative Credit Union, was named to participate in The Cooperative Trust’s award-winning Crash program at this year’s Governmental Affairs Conference (GAC) in Washington D.C. While this year marks the 15th “Crash the GAC” event, it is the first to be hosted by America’s Credit Unions. The event scheduled to take place March 3 – 7 brings together industry leaders and advocates to discuss critical issues facing the credit union landscape. America’s Credit Unions generously covers the registration costs for 51 Crashers to attend the nation’s largest credit union event, presenting a tremendous opportunity for these young professionals to attend. The Cooperative Trust is thrilled to bring along seven additional Crashers who were sponsored by their credit unions. "Congratulations to Lizzy Cheney for being selected to the Crash the GAC program," said Minnesota Credit Union Network Chief Advocacy Officer Ryan Smith. "Young professional involvement in federal advocacy is critical in ensuring credit union interests are promoted in the future. The Crasher program is unmatched in preparing young leaders to advance the credit union movement." The 2024 Crash the GAC delegation comprises 58 talented credit union professionals from across the country who have demonstrated exceptional dedication to the credit union movement. These emerging leaders have played pivotal roles within their credit unions and have shown a commitment to advancing the values and principles that define the industry. |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
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