Advocacy -

Advocacy

Welcome to our

Advocacy Section!

Stay informed with the latest in regulations, legislation, and public relations (PR) opportunities impacting credit unions. Our goal is to ensure you’re up to date and empowered to make your credit union’s voice heard. We offer valuable resources and opportunities for credit union PR, helping you effectively communicate and promote your credit union’s interests. Explore these PR opportunities to elevate your presence and connect with consumers, elevating your credit union’s brand and the entire credit union community’s brand. Whether you’re looking to provide input on new regulatory changes or seeking ways to enhance your brand awareness through PR, our Advocacy Section is here to help!

NCUA Supervisory Priorities

NCUA’s Supervisory Priorities for 2025 under Chairman Kyle Hauptman include:

Credit Risk: Loan growth moderated during 2024 while overall delinquencies and charge-offs increased, especially concerning are credit cards.
Balance Sheet Management and Risk to Earnings and Net Worth: The primary market risk element right now is interest rate risk.
Cybersecurity: Credit unions must proactively manage information security programs and continuity of operations plans and conduct ongoing due diligence of critical service providers.
Consumer Financial Protection: The NCUA will review consumer protection compliance during every FCU exam.

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H.R.975 – Credit Union Board Modernization Act

This bill, introduced by Rep Juan Vargas (D-CA), reduces credit union board meeting frequency requirement. Under the bill, new credit unions and credit unions with low soundness must meet monthly, as required under current law. All other credit unions must hold six meetings annually, with one meeting being held during each fiscal quarter. To share your credit union’s stance on this bill, contact your senators and representatives.

Matching Senate Bill S.522 – A bill to amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes

A bill introduced by Sen. Bill Hagerty (R-Tenn.) aims to alter the frequency of board of directors meetings required by the Federal Credit Union Act. To share your credit union’s stance on this bill, contact your senators and representatives.

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S.381 – A bill to amend the Truth in Lending Act to cap credit card interest rates at 10%

A bill introduced by Sen. Bernie Sanders (I-VT) amends the Truth in Lending Act to cap interest rates for credit cards at 10 percent. To share your credit union’s stance on this bill, contact your senators and representatives.

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S.557 – A bill to repeal the small business loan data collection requirements under the Equal Credit Opportunity Act

A bill introduced by Sen. John Kennedy (R-LA) to alter the Equal Credit Opportunity Act by repealing small business loan data collection requirements. To share your credit union’s stance on this bill, contact your senators and representatives.

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S.J.Res.18 – A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Overdraft Lending: Very Large Financial Institutions”

A resolution introduced by Sen. Tim Scott (R-SC) disapproving the rule submitted by the Bureau of financial protection relating to “Overdraft Lending: Very Large Financial Institutions”. To share your credit union’s stance on this bill, contact your senators and representatives.

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Bezinga: Seeking expert input on the best HELOC for investment properties. (Deadline 3/20/25)

Click here

Bestmoney.com: Looking for comment on choosing a credit card for people with great credit. (Deadline 3/5/25)

Click here

Upcoming Book: Need a finance expert to explain the differences between FICO and Vantage scores, which ones mortgage companies use, and why. (Deadline 3/4/25)

Click here

Credit Union for Kids

Credit Unions for Kids is a charitable foundation that supports the Children’s Miracle Network Hospitals. These hospitals provide care for patients, advance treatment and research for illnesses, and much more. The Credit Union Connection fully supports this organization because credit unions are about more than just money.

For every dollar donated to a Children's Miracle Network Hospital...

25%

Goes to advancement services to support innovative programs and services.

17%

Helps to provide charitable care to patients.

12%

Supports research & treatments for how we care for children.

25%

Provides patient services to ensure children are physically, mentally, & emotionally healthy.

6%

Provides education services for patients, families, & the community.

15%

Goes to improve life-saving equipment.

Source: Based on estimates provided in response to the 2020 Children’s Miracle Network Hospitals Impact Society

American Foundation for Suicide Prevention

Suicide is the 11th leading cause of death in the United States, with it claiming more than 49,000 lives in the year 2022. These tragic losses are why The Credit Union Connection supports the American Foundation for Suicide Prevention. They help raise awareness and provide resources to those struggling with suicide, suicidal thoughts, and their loved ones. The AFSP is hosting several walks for suicide prevention awareness across the country.

Look Before You Lock

Look Before You Lock is a campaign designed to remind people to double check their car for any children or pets before locking their cars. Children and pets locked in cars can easily succumb to heat, potentially causing serious injury or death. This campaign is designed to give people that reminder that could save a life. Each image is downloadable. Feel free to add your credit union’s logo!