It was a very busy Hike the Hill for Missouri volunteers and staff members in Washington, D.C. June 17-19. The group made visits to nine Congressional offices on June 18, including one-on-one visits with legislators and staff. It was followed by the National Credit Union Administration (NCUA) board meeting, as well as a final legislative visit on June 19, to finish up all ten offices in the Missouri Congressional delegation.
Regulatory issues, especially concerns with the Risk-Based Capital (RBC) proposal by the NCUA and its potential impact on credit unions ability to serve members, led many of the discussions with lawmakers. Meeting participants thanked each Missouri U.S. House member for signing a Congressional letter to the NCUA outlining concerns with its RBC proposal. The group also asked U.S. Senators Claire McCaskill (D) and Roy Blunt (R) to consider sending a letter regarding the RBC issue.
Other issues discussed with federal lawmakers included data breach concerns, supplemental capital, member business lending, patent trolling, housing finance reform and preserving the credit union tax status when Congress addresses comprehensive tax reform.
“Every member of Congress who we met with really seemed to understand and support our positions on our topics, especially Risk-Based Capital,” said Randy Yeck, of Vantage Credit Union. “It was one of our most effective visits yet.”
At the June 19 NCUA meeting, participants met Credit Union National Association Interim President Bill Hampel and all three NCUA board members, including the newest member of the board, Rick Metsger. This marked the last meeting for Michael Fryzel, as the U.S. Senate confirmed NCUA Board nominee Mark McWatters later that day.
Credit union staff and volunteers from five credit unions in Missouri – including Anheuser-Busch Employees' Credit Union, BluCurrent Credit Union, CommunityAmerica Credit Union, Mid Missouri Credit Union and Vantage Credit Union – took part in Missouri Hike the Hill.
"The staff and volunteers made excellent points during the meetings with lawmakers," said Amy McLard, SVP Advocacy for the Missouri Credit Union Association (MCUA). “That really makes the difference with lawmakers – being able to bring the stories and issues to life with examples from back home in the district. We greatly appreciate their hard work on behalf of credit unions statewide.”
In-district meetings with federal legislators and their staff will start in August and extend through the fall months. Contact Amy McLard via email or 314.542.1370 if you are interested in participating in these in-district meetings. You are also encouraged to sign up to be a Credit Union Advocate.
Caption (top): Missouri's credit union advocates are pictured with U.S. Sen. Roy Blunt (R).
Caption (middle): Credit union advocates meet with U.S. Sen. Claire McCaskill (D).
Caption (bottom): Missouri's credit union staffers and volunteers meet with Michael Fryzel, outgoing NCUA Board member.