The state Senate Banks Committee on Thursday passed an important bill that would allow credit unions to participate in the Excelsior Linked Deposit Program. The legislation was introduced and sponsored by committee chairman Sen. James Sanders, D-Metropolitan, and is heading to the Senate floor for a vote.
In a positive development for credit unions, Sen. Elizabeth Warren, D-Mass., dropped a requirement that credit unions face Community Reinvestment Act obligations from a revamped affordable housing bill introduced in Congress.
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The 2019 CUNA Governmental Affairs Conference concludes today in Washington, D.C. Over the course of four days, thousands of credit union advocates from across the country heard from diverse speakers.
New York credit union advocates attending the CUNA Governmental Affairs Conference are taking their message to federal lawmakers, with a full day of credit union advocacy planned on Capitol Hill today.
Continue reading “CU advocates are hiking the Hill at CUNA GAC today”
U.S. Vice President Mike Pence addressed attendees at the 2019 CUNA Governmental Affairs Conference earlier today. The vice president, whom CUNA President/CEO Jim Nussle described as “a friend to credit unions,” made his comments during the second day of the general session.
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