Advocacy

Rhode Island AG’s Office Holds Elder Financial Abuse Training

October 07, 2021

The Rhode Island Attorney General’s Office recently held a substantive training program on elder financial abuse for financial institutions, which was well attended by Association member credit unions.


CCUA 6th Annual Golf Tournament Huge Success

October 01, 2021

More than 125 golfers and volunteers gathered last Thursday for the sixth annual golf tournament for the Cooperative Credit Union Association, held at The Haven Country Club in Boylston, MA.  


McLean Hosts Senate and House Chairs of the Massachusetts Joint Committee on Financial Services

September 30, 2021

During the roundtable discussion, the Chairs reviewed the climate at the State House and noted that Committee public hearings are expected to remain virtual at least through year-end. They expressed their appreciation for the credit union education by members and the Association last session, which they viewed as instrumental to assist them in passing the credit union modernization law, and a sound strategy for the current session.


McLean Sends Letter to MA Congressional Delegation on Remote Notary Amendment

September 22, 2021

In continued advocacy efforts in support of flexible online notarization options, Cooperative Credit Union Association President/CEO Ron McLean sent a letter to members of the Massachusetts Congressional delegation relative to an amendment currently being considered as part of deliberations by the House of Representatives on the National Defense Authorization Act.


CCUA Survey on Capital Adequacy

September 21, 2021

In the Association’s continuing effort to represent the interests of member credit unions before the National Credit Union Administration (“NCUA”), your input on a pending proposal is requested using its online survey 07-21 relative to capital adequacy for complex credit unions and risk based capital (“RBC”).


2022 CCUA GAC Room Block - Reservations First Come, First Served

September 21, 2021

Preparations for the 2022 CUNA Governmental Affairs Conference are underway by the Cooperative Credit Union Association, Inc. As a convenient service exclusively for credit union members of the Association at no cost, the Association has negotiated a room block for our CUNA GAC attendees. By participating in the Association's room block and making any changes directly through the Association, penalties and cancellation costs may be limited and opportunities for clearing waiting lists after the room deadline are increased.


McLean Provides Testimony During Illinois CRA Public Meeting

September 20, 2021

Cooperative Credit Union Association President/CEO Ron McLean provided both oral and written testimony yesterday before the Illinois Department of Financial and Professional Regulation (“IDFPR”) relative to the newly enacted Illinois Community Reinvestment Act (“CRA”). In preparation for the public meeting, the following three Association members, as longtime practitioners of CRA, also met with Illinois League staff to brief them on the challenges of CRA compliance and to provide practical insights for change: Align Credit Union, Boston Firefighters Credit Union, and Jeanne D’Arc Credit Union.


McLean Provides Written Key Testimony to MA Joint Committee on the Judiciary

September 15, 2021

Cooperative Credit Union Association President/CEO Ron McLean represented state and federally-chartered credit unions yesterday providing written testimony on key issues for members pending before the Massachusetts Joint Committee on the Judiciary (“Committee”).


New Hampshire Commissioner of Banks Releases Letters on New Legislation

September 15, 2021

New Hampshire Commissioner of Banks Jerry Little recently released two industry letters to provide guidance on recently enacted legislation as it impacts state chartered institutions. The Association worked closely with members to build a consensus on the legislation introduced by the Banking Department (“Department”) and testified in support during the public hearing process. The passage of the new law takes effect on October 9, 2021. 


McLean Sends Letter to House Ways and Means Chairman Neal on IRS Tax Gap Reporting Proposal

September 13, 2021

Cooperative Credit Union Association President/CEO Ron McLean sent a letter yesterday in strong opposition to an onerous Internal Revenue Service (IRS) tax gap reporting proposal presently pending before Congress to House Ways and Means Chairman Neal.


McLean Submits Comment Letter on New Hampshire’s Proposed Homeowner Assistance Fund Plan

September 13, 2021

On behalf of New Hampshire credit unions, Cooperative Credit Union Association President/CEO Ron McLean submitted a comment letter yesterday in response to New Hampshire Housing Finance Authority’s (“New Hampshire Housing”) request for comments on its proposed Homeowner Assistance Fund (“HAF”) Plan prior to its submission to the U.S. Department of Treasury.


Reduction of NH Examination Fees Announced; CCUA advocated for change

September 08, 2021

New Hampshire Commissioner of Banks Gerald H. Little recently released a memorandum to state-chartered credit unions and other regulated entities regarding the examination per diem fee change. “We appreciate the Department taking our concerns into consideration and reducing the per diem fee,” stated Ron McLean, Association President/CEO.


ACTION ALERT! Tell Congress to Oppose New IRS Reporting Provisions

September 08, 2021

Educate and activate your members to tell Congress to reject this new IRS reporting provision with these customizable tools


Action Alert:  IRS Tax Reporting Provisions

September 07, 2021

In an effort to increase taxpayer compliance, the IRS is proposing a requirement for credit unions and other financial institutions to report additional account holder information in an enhanced annual IRS Form 1099-INT. CUNA has issued an Action Alert for credit unions to urge legislators to reject the inclusion of these new IRS reporting provisions in the upcoming infrastructure reconciliation bill.


CCUA Testifies on Eviction and Foreclosure Moratoria During MA Public Hearing

August 16, 2021

The Cooperative Credit Union Association represented state and federally-chartered credit unions yesterday in a lengthy virtual public hearing on bills relative to eviction and foreclosure moratoria pending before the Joint Committee on Housing (“Committee”). The Committee is led by Senate Chair John Keenan (Quincy) and House Chair James Arciero (Westford).


McLean Submits Comment Letter on Federal Reserve Board Debit Interchange Proposal

August 11, 2021

Cooperative Credit Union Association President/CEO Ron McLean has submitted a timely comment letter to the Board of Governors of the Federal Reserve System (“Board”) relative to its proposed rule on Debit Card Interchange Fees and Routing (“proposal”). Member views and comments received in response to the Association’s advance survey provided the basis for the letter.


New Hampshire Governor Chris Sununu Signs Multiple Bills Into Law

August 10, 2021

New Hampshire Governor Chris Sununu signed 30 bills into law yesterday, including priority legislation of interest to credit unions relating to certain costs of examinations, the transmission of consumer complaints, and remote notarization.


CCUA Testifies Before MA Joint Committee on the Judiciary - Addresses Nine Key Issues

August 03, 2021

The Cooperative Credit Union Association represented state and federally-chartered credit unions yesterday in a nearly 5-hour long virtual public hearing on foreclosure related bills pending before the Joint Committee on the Judiciary (“Committee”) with oral and written testimony.


CCUA Testifies at Mass. Public Hearings

July 30, 2021

The Cooperative Credit Union Association submitted oral and written testimony last week at the Massachusetts State House before two Committees on legislation which modernizes and standardizes state robbery statutes, penalty systems, and jurisdictional issues, and on legislation relative to municipal foreclosures and mediation.


Regulation II Proposed Changes Could Lead to Decreased Debit Interchange

July 29, 2021

The Fed is proposing to revise Regulation II to expand the requirement for debit cards to be able to be processed by at least two unaffiliated networks to apply to card-not-present debit card transactions, such as online purchases and mobile payments. It remains the goal of the Association to submit a robust comment letter to the Fed on behalf of members.


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