February 21, 2014
Friday Edition
CUNA offers Risk Based Capital Action Center to challenge NCUA's proposal

CUNA continues its efforts in response to NCUA’s Risk Based Capital Proposal by offering a “Risk Based Capital Action Center” website which went live Thursday. This website is based on the same grassroots ideas CUNA has implemented and continues to implement in the Don’t Tax My Credit Union campaign, but is retooled for a regulatory focus. CUNA hopes to use this site to put pressure on NCUA to fix this proposal.

In addition to a brief background about the rule, as well as a summary of CUNA’s concerns in bullet point form, the site will allow CUNA members to directly write NCUA. Quickly and efficiently, users can submit a comment letter electronically with the click of a mouse. CUNA has included sample opening and closing paragraphs and list of questions users can respond to in order to edit and personalize their own letter. Users are not required to address all of the questions, just the ones for which they would like to comment. They can, of course, include comments on other topics not listed. 

CUNA believes that comment letters on this proposal will make a real difference, and so it is very important that credit unions generate as many as possible. CUNA will automatically have a copy of all letters sent through the site, and will forward copies from credit unions in your states directly to you. CUNA will also collect letters to give to Members of Congress, media, and other stakeholders here in DC to demonstrate why they should care about the rule as credit union put more pressure on NCUA.

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Tax discussion draft expected next week

In a memo to Republican committee members, House Ways and Means Committee Chairman Dave Camp (R-MI) said he plans to release draft reforms to the U.S. tax code the week of Feb. 24 (Bloomberg BNA, Politico, Feb. 19).

There will be 4,300 credit union advocates hitting Washington, D.C., next week for the CUNA GAC. This includes more than 150 credit union executives from Alabama and Florida. CUNA EVP John Magill said earlier this week that the timing of having thousands of credit union advocates available for Capitol Hill meetings could not be any better with the expectation of the release of Camp's discussion draft for tax reforms (News Now, Feb. 19).

It was almost exactly a year ago that House Speaker John Boehner (R-OH) used the CUNA GAC as the platform to discuss reform of the country's tax code.

In response to news of the Camp memo Wednesday, CUNA President/CEO Bill Cheney said, "For the past nine months, CUNA, the state credit union leagues, and credit unions have been contacting members of Congress and urging them 'Don't Tax My Credit Union.' After more than 1.3 million contacts with lawmakers through that campaign, we're hopeful that our advocacy message got through."

Visit CUNA News Now for the complete story.

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#DontTaxTuesday returns

This Tuesday, Feb. 25, will mark the third #DontTaxTuesday campaign. CUNA and state leagues are asking credit union advocates to again tweet to their legislators with the hashtag #DontTaxMyCU or post a similar message on their lawmaker's Facebook page. Engaging is easy—just visit Don't Tax My Credit Union to post a Tweet or Facebook message to your legislators in a few short clicks.

Remember to include #DontTaxMyCU in your posts.

CUNA and LSCU staff will also be live tweeting throughout Tuesday’s general session, as well as the whole CUNA GAC.

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NCUA's Debbi Matz plans new series of Listening Sessions

NCUA Board Chairman Debbie Matz announces plans to host three “Listening Sessions” across America in June and July.

Similar to Chairman Matz’s Listening Sessions in 2012, the 2014 sessions will be open to any topics related to NCUA. They are planned ahead of the risk-based capital proposed rule. CUNA has been asking the NCUA for public hearings on the topic. 

“This new series of Listening Sessions will be an opportunity for NCUA board members and senior staff to hear directly from credit union officials about how we can further improve regulations, the exam process, and any other NCUA initiatives,” Matz said. “My previous Listening Sessions led to regulatory relief and streamlined examination reports. We are looking forward to another productive series of face-to-face meetings with credit union officials and stakeholders.”

Click here for dates, times, locations, and registration information. Next week at the CUNA GAC, Alabama and Florida credit unions will have a private meeting with Chairman Matz and board member Richard Metsger along with California/Nevada and Georgia leagues.

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CU happenings

Suncoast Credit Union Foundation provides grant to Children's Cancer Center
Suncoast Credit Union Foundation in Tampa announces a $15,000 grant to update a 250 sq. ft. family resource room and technology at Children’s Cancer Center. The newly remodeled resource room includes four HP touch-smart desktops with touch screens, making it easier for families to access medical information, treatment facilities; online support resources; and financial literacy tools. Additionally this upgrade features functional, comfortable, and easy-to-clean chairs in the resource room and will allow patients suffering from muscle or bone pain a place to relax and focus after counseling sessions. Patty O’Leary, COO of the Children’s Cancer Center says, “We are so grateful that Suncoast Credit Union Foundation shares in the vision of our mission to offer educational support to children and their families battling childhood cancer or chronic blood disorders. With benefits that will extend well beyond mere aesthetics, the new family resource room will support the families we serve for years to come.”

Army Aviation Center Federal Credit Union employees donate $7,800 to community organizations

Army Aviation Center Federal Credit Union (AACFCU) employees donated $7,800 to 13 nonprofit organizations in AACFCU's service areas of Southeast Alabama, Florida's Emerald Coast, and the Mobile Bay area. The donations come from an account funded completely by employee contributions in 2013. On designated work days, AACFCU employees donate to this account in exchange for wearing jeans to work. In December of each year, employees nominate and vote on organizations they would like to see receive the funds. Pictured L to R: Jimmie Scott, Troy Veterans Center; Bridget Riley, AACFCU Troy branch manager.

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In This Issue
Friday Edition
CUNA offers Risk Based Capital Action Center to challenge NCUA's proposal
Tax discussion draft expected next week
#DontTaxTuesday returns
NCUA's Debbi Matz plans new series of Listening Sessions
CU happenings
LSCU & Affiliates Media

Alabama Credit Union Association State GAC video
Check out the video from the Alabama Credit Union Association State GAC. The video features lawmakers, speakers and credit unions talking about the conference and the importance of grassroots advocacy.

Wednesday's GAC Attendee Webinar now available on YouTube

Upcoming Event Deadlines
Extended to Feb. 28 Last day to receive the group hotel rate for the FCUA State GAC - Tallahassee, FL
Upcoming League Events
Feb. 25  ALLL Troubled Debt-Asset Restructuring
Feb. 26 Tax Return Is Telling Me? Schedule E & F
Feb. 27 Security & Robbery Training, AL  *New date due to winter weather conditions.
Feb. 27 Essential HR Record Keeping from Hiring to Firing
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