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Michigan Credit Union League

Michigan Credit Unions Hike the Hill to Advocate for the Movement

Michigan credit union advocates have once again made their way to Washington, D.C. to participate in Hike the Hill. This year, more than 22 credit unions sent representatives to join the Michigan Credit Union League (MCUL) for this annual grassroots advocacy event.

Important issues discussed during the 2018 Hike included data breach, the STATES Act — or cannabis banking — and preserving the credit union tax status. Attendees also engaged with the NCUA on regulatory issues including the impact of HDMA regulations, changes imposed by S. 2155 and the BCFP’s upcoming rulemaking agenda.

The credit union tax status remained a high priority topic, especially in light of bankers’ continued attacks including last month’s Wall Street Journal article. As Congress considers such attacks, it remains imperative that credit union representatives educate lawmakers on the importance of the not-for-profit tax status — which all members of Michigan’s congressional delegation supported less than a year ago.

In the days to come, we will provide a more information of this year’s event, as well as a more comprehensive analysis in October’s Priority Report and the fourth quarter issue of Contact.

We thank all those who took the time to join us in our nation’s capital to make the voice of Michigan’s credit unions heard.

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2018-09-28 00:00:00