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Last week, credit union representatives, CEOs, and League staff met with regulators and elected officials in Washington, DC, during Hike the Hill. The trip provided a fantastic opportunity to bring up important issues with key policymakers like interchange and the Credit Union Board Modernization Act.
“Despite the chaos with the elections for Speaker and political protests, our leaders were engaged with our issues and showed their ongoing commitment to the credit union movement,” said Robert Caverly, League Vice President of Advocacy and Outreach, who led the trip.
“Hike the Hill is always a great way to advocate to those who make laws to govern credit unions,” said Jason Lindstrom, CEO at Evergreen CU. “Our Senate and Congressional delegation needs to hear from us in person and these trips can make all the difference in helping them understand credit union issues.”
Hike the Hill programming began with a briefing from CUNA partners at Credit Union House on Monday. Tuesday and Wednesday were busy with productive meetings on Capitol Hill. Following discussions with both Senators Collins and King, each have agreed to co-sponsor the Credit Union Board Modernization Act.
“Having our credit unions here to share their individual stories really makes a tremendous impact and enhances our advocacy work,” added Caverly.
“There still seems to be a disconnect with the Consumer Financial Protection Bureau regarding overdraft protection,” shared Ellen Parent, Director of Compliance. “Our attendees clearly expressed their concerns and frustrations, providing essential feedback that the CFPB needs to make informed decisions about the impact of their decisions. The meeting was an opportunity to continue to engage on our issues and I look forward to seeing future progress.”