August keeps Advocacy's energy high on credit union priorities
Thursday, August 15, 2019
Though Congress is on recess and the South Carolina General Assembly is out of session, the Carolinas Credit Union League Advocacy team isn’t taking a break. Vice Presidents of Governmental Affairs Billy Boylston and Evelyn Hawthorne have been buzzing around the Carolinas and beyond, strengthening existing alliances and solidifying new ones.
Boylston attended the National Conference of State Legislatures (NCSL) August 5-8 in Nashville, TN, where he and other league and CUNA representatives worked the America’s Credit Unions booth in the exhibit hall educating state legislators from across the country on credit unions. He also attended forums on a variety of topics, including model legislation that would expand state-level Community Reinvestment Act (CRA) provisions to include credit unions. With support from SC Senator Sandy Senn (R-Charleston), the legislation was tabled.
“We, in our state, value our credit unions. The credit unions are opposed to this particular amendment, therefore I will be voting no,” said Sen. Senn.
Hawthorne attended the National Association of State Credit Union Supervisors (NASCUS) Summit August 12-16 in San Francisco. The event features a mix of education, access to resources, and networking for credit union examiners, credit unions, and league staff. Agenda highlights included an advocacy presentation by Megan Balogh, director of corporate and regulatory affairs at CUNA Mutual Group, and an update on risk issues by League InfoSight CEO Glory LeDu.
On Wednesday, National Credit Union Administration Chairman Rodney Hood shared with NASCUS participants his priorities, including an update to call reports and a pledge to walk together with the credit union movement toward a bright future. And Duke University sophomore Bolun Li presented the "Next Big Idea", which this year is his financial education app via ZOGO, Inc. He explained that the app achieves two purposes: (1) a means to provide financial education to the high school market; and (2) a way for credit unions to grow their membership by reaching out to this important demographic.
“This is one of the few opportunities to meet with our credit union members and regulators to exchange ideas and do the deep-dive into many important issues,” said Hawthorne. “NASCUS is an excellent resource and this conference is always so good.”
Congressional August recess also presents opportunities for CCUL and credit unions to meet with lawmakers and legislative staff in district. As previously reported, Congressman Ted Budd’s (R-NC13) Legislative Director Tyler Haymore visited CCUL’s Raleigh office and State Employees’ Credit Union, and Marine Federal Credit Union hosted a meeting with Greg Murphy, M.D., the Republican candidate for NC’s 3rd Congressional District.
More recently, CCUL and credit union representatives attended an event in Myrtle Beach, SC, where they spent time with Congressman Tom Rice (R-SC7) and a number of local state legislators, including Sen. Luke Rankin (R-Horry). On Aug. 14, Rep. Rice’s Tax Counsel Aide Elle Collins visited Carolina Trust Federal Credit Union to talk with representatives and the League.
For Advocacy, the first half of August has been high-energy--and on pace for even more with two weeks to go.