Tuesday @ CUNA GAC: Credit union bill announced, Nikki Haley addresses 2020 attendees

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CUNA President/CEO Jim Nussle announced today the introduction of a credit union governance modernization bill, the result of work among Republican Sens. Thom Tillis and Richard Burr of North Carolina, CUNA and the Carolinas Credit Union League, at the 2020 CUNA Governmental Affairs Conference in Washington, D.C.

This is the second similar bill released this week, as CUNA and the Leagues seek modernizations of the Federal Credit Union Act, according to the CUNA website. Look for more details in future editions of the New York Minute.

Also today, Nikki Haley, former U.S. Ambassador to the United Nations and former governor of South Carolina, sat down with Nussle for a “fireside chat” and also presented a keynote address at the 2020 CUNA Governmental Affairs Conference in Washington, D.C.

Among this morning’s other speakers, NCUA Chairman Rodney Hood provided an update on the agency’s priorities for 2020 and Consumer Financial Protection Bureau Director Kathy Kraninger offered an overview of the agency’s current agenda, including the agency’s “Start Small and Save Up” program, a tax savings initiative. Republican Rep. Patrick McHenry of North Carolina, Democrat Rep. Brad Sherman of California and Republican Sen. Cory Gardner of Colorado also addressed attendees today.

Today’s session will also include a presentation from keynote speaker David Plouffe, considered the architect of President Barack Obama’s presidential campaigns. Plouffe, president, policy and advocacy at the Chan Zuckerberg Initiative, will engage in a question-and-answer session with CUNA Chief Advocacy Officer Ryan Donovan.

Today’s breakout sessions include topics focusing on, diversity, equity, and inclusion; CEO networking; economic updates; data privacy; compliance; and financial wellness.

New York attendees also will receive a legislative briefing today led by New York Credit Union Association Vice President of Governmental Affairs Kendra Rubin. During the briefing, Rubin will update New York credit union advocates on key federal legislative priorities that should be discussed with lawmakers during legislative visits.

New York credit union advocates also will meet with the offices of Senate Minority Leader Chuck Schumer, who is expected to be in attendance for the meeting. Tomorrow, the group will spend the day on Capitol Hill lobbying House members on important credit union issues.

Highlights from Monday’s conference included a keynote address by best-selling author Marcus Buckingham, a respected advisor to employers in a range of fields, who encouraged attendees to focus on employees’ strengths instead of trying to improve their weaknesses.

Buckingham explained how using a free-thinking approach could be used to attract and retain talent in the workplace. “Excellence has its own pattern,” Buckingham said. “Study success. It’s different.”

Attendees also heard from National Credit Union Foundation Executive Director Gigi Hyland, who described how credit unions can meet members wherever they are in their financial lives to help them forge a path to a brighter future.

CUNA Chief Advocacy Officer Ryan Donovan told the main hall that stories of people credit unions have helped resonate with members of Congress and staffers because they care about their communities and constituents.

Election results for CUNA’s Board of Directors Executive Committee Members were announced during conference, with Troy Stang, president/CEO of the Northwest Credit Union Association, elected CUNA Board Chairman.

A breakout session shared with attendees how credit unions can build relationships with lawmakers and tell stories of how credit unions are making an impact in their communities.

Attendees also heard from Housing Finance Agency Director Mark Calabria and National Credit Union Administration Board Member J. Mark McWatters, who talked about credit unions from the regulator perspective. McWatters also addressed NCUA’s sale of taxi medallion loans, saying the agency was far along in the sales process when New York officials presented the option of forming a public-private partnership to purchase the loans from the agency.

Outgoing CUNA Board Chairman Brett Martinez urged credit union advocates to utilize leadership and teamwork to continue advancing credit unions, members, and communities. He also said not to underestimate the three-tiered CUNA, League, and credit union system.

CUNA’s chief economist and deputy chief advocacy officer Mike Schenk and senior economist Jordan van Rijn discussed growth, labor markets, inflation, and more during an economic update to attendees.

Twitter, Facebook and Instagram users can follow updates from the CUNA GAC by searching for hashtag #CUNAGAC.

Additional GAC updates will be shared in The New York Minute and on the CUNA News website throughout the week.

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