The Credit Union National Association (CUNA) held its annual Government Affairs Conference (GAC) in late February with thirty-five (35) Nebraska credit union advocates attended the event. The League hosted several events during the GAC including a Welcome Reception, Nebraska Hill Staff Reception, Nebraska Advocates Dinner, and hill visits with Nebraska’s Congressional Delegation.
During the hill visits, Nebraska’s credit union advocates focused on how their credit unions promote the financial well-being for all members. Additionally, the League promoted several bills before Congress including a bill that would allow credit union boards of directors to pass a member expulsion policy, a bill that would allow the NCUA to extend loan maturity limits from 15 to 20 years, a bill that would expand field of membership to underserved and unserved areas, a bill that would allow for board meeting flexibility from monthly meetings to bi-monthly meetings, and a bill that would change the CFPB to a five person committee.
Senator Ben Sasse introduced the Credit Union Employee and Member Safety Act which would allow credit union boards of directors to pass a policy to expel disruptive or dangerous members with a vote of the board. Congressman Fortenberry has signed on to the House version of the bill.
Nebraska’s advocates raised over $6 thousand dollars for CULAC, the PAC of credit unions, through the raffle held during the GAC.
