The CUNA GAC is in full swing as you read this column. A record-breaking crowd is on hand, as well as more than 150 credit union executives from Alabama and Florida - the most since I’ve been the CEO at the LSCU & Affiliates. It appears we have good timing as House Ways and Means Committee Chairman Dave Camp (R-MI) has said he will release his tax reform discussion draft this week. The good news if you aren’t in Washington, D.C. this week is that you can follow the GAC with our "LSCU from the GAC” videos. We’re the only league to send back a daily video from the conference.
The CUNA GAC is a great conference and grassroots lobby event. During our visits to the Hill this week I’m expecting tax reform and data security to dominate our meetings. If tax reform language is released, then we have the perfect venue to pack our lawmakers offices and let them know what taxing credit unions means to our members. It’s also a good opportunity to educate them on our tax exemption. Tomorrow is another #donttaxmycreditunion Tuesday for social media.
The hottest topic in Washington right now is data security. I wouldn’t be surprised if this isn’t the first question asked during our meetings. We have good information from the CUNA Target Data Breach Survey to share with our lawmakers, plus we have many “real world” experiences to share. Our hope is to have Congress begin to hold merchants accountable and to also let credit unions tell their members more about the source of a breach.
A couple of other things for the week include partnering with the California/Nevada and Georgia leagues for dedicated meetings with NCUA Chairman Debbie Matz and board member Rick Metsger on Tuesday. This comes at a great time for our credit unions to provide feedback to the NCUA on the new risk-based capital requirements. Tuesday evening we will present Reps. Spencer Bachus (R-AL) and Alcee Hastings (D-FL) with our Lawmaker of the Year awards. Both are co-sponsors of our legislation and always make time to meet with us when we are in town.
I hope you will keep up with the CUNA GAC this week through the videos, social media (Facebook and Twitter), and our website. Make a note that next year’s CUNA GAC will be later in the year, March 8-12, 2015. I hope you will consider coming. Every person counts at the GAC. Also, I hope our Florida readers will sign up for the Florida Credit Union Association State Governmental Affairs Conference, March 25-26, in Tallahassee. Our state issues are just as important, especially with data security legislation gaining steam at the state capitol.
Where’s Patrick: As you can see I’m at the CUNA GAC all week. When I return on Friday I will work in the Tallahassee office preparing for the March board meetings. To see my tentative schedule for the next two weeks visit the LSCU Information for Credit Unions webpage.