Governmental Affairs Report
Employees at UKFCU have embraced the KYCUPAC’s Capital Club through payroll deduction. There are currently 25 employees that give $4.00 or more each payroll making them the largest employee contributor to the Capital Club.
Marjorie Howard, Credit Ops Supervisor, leads the way with the largest amount contributed per payroll. Thank you Marjorie and UKFCU for your support of the Capital Club and KYCUPAC.
Congressman Yarmuth was the guest speaker at GLI’s February luncheon. In his address, he covered issues such as the speed of changing technology and the challenge of investing in areas that will be obsolete in 15 years, the growing public disengagement with policy and governmental activities and the national budget.
CUNA held their Governmental Affairs Conference February 21 – 25. There were 26 credit union and league representatives from Kentucky in attendance. The issues of the Hill visits with our delegation were preservation of our tax exemption, data breach and regulatory burden. During the conference, Reps. Stivers (OH) and Schiff (CA) released a Dear Colleague letter encouraging the CFPB to apply their exemption authority in regards to small financial institutions. As of today, March 4, Congressmen Andy Barr, Tom Massie, Brett Guthrie and John Yarmuth have signed on to the letter.
Alesha Saalwaechter, League Chair/CEO of Daviess Co. Teachers FCU, and Raffo Wimsett, GAC Crasher/Commonwealth Credit Union, carried the Kentucky flag in the conference opening Parade of Flags.
In addition, we were honored to have Congressman Andy Barr give a keynote address to conference attendees on Tuesday morning.
Below are additional highlights from the conference and our Hill visits.
Campaign highlights CUs' good works and positive impact on consumers
Did you see GAC attendees taking selfie videos this year at the CUNA Governmental Affairs Conference? They were all just doing their part to engage in the #CUdifference awareness campaign.
The idea behind the campaign was simple:
- Record a 15-second video of yourself or someone else on your mobile device;
- Explain what not-for-profit, member-directed, locally focused credit union cooperatives mean to you;
- End the video with the tagline, “and that’s the credit union difference;” and
- Post the video on Twitter, Instagram or Facebook using the hashtag #CUdifference.
Murray State University was featured on one of the #CUdifference story walls at GAC. The story walls were displayed at the convention center Sunday – Wednesday during the conference. MSU was honored for their involvement in their local community.
Also, watch KY GAC Crasher, Raffo Wimsett of Commonwealth CU, take his video selfie with CUNA President/CEO Jim Nussle.
The Frankfort Area Chamber of Commerce 2016 Annual Dinner, Awards and Auction, was held on February 26 in Frankfort, Kentucky. Representatives from Kentucky Employees Credit Union and Metro Employees Credit Union were in attendance and spent some time talking with Congressman Andy Barr. Congressman Barr is a credit union friend and champion for regulatory burden relief. He has authored and cosponsored several regulatory relief bills that have passed both the full House Financial Services Committee and the House floor.