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Michigan Credit Union League

Michigan Credit Union Leaders Discuss CU Priorities During Virtual 2020 Hike at Home

Michigan’s congressional delegation expresses support during the two-week virtual advocacy event.

The Michigan Credit Union League (MCUL) recently concluded the 2020 Hike at Home virtual event, which allowed credit union leaders to talk with Michigan’s congressional delegation about pressing legislative priorities despite being unable to travel to D.C.

Over the course of the two-week Hike, approximately 80 leaders from 42 credit unions across the state participated in meetings. The number of credit union advocates participating this year represents a significant increase in Hike participation compared to previous years; approximately 50 CU leaders were on hand for our in-person Hike in Washington, D.C. in 2019.

This year’s increased attendance led to stronger meetings, as more professionals were able to share their credit union’s experiences and exhibit the Michigan credit union movement as an even broader unified front to lawmakers and regulators.

During the first week, MCUL and attendees discussed priorities during meetings with U.S. Sen. Gary Peters, as well as U.S. Reps. Bergman, Dingell, Huizenga, Kildee, Lawrence, Moolenaar, Slotkin, Tlaib and Walberg. In addition to those meetings, credit union leaders also had a chance to meet with NCUA Chairman Rodney Hood. Led by local credit union advocates, discussions focused on our core federal legislative priorities, including: Paycheck Protection Program forgiveness; the creation of a federal housing assistance fund; additional funding for CDFI; the credit union difference/not-for-profit tax status; data privacy/security; modernizing the FCUA; Bank Secrecy Act/anti-money laundering reforms; updating federal e-commerce laws; and cannabis banking.

During the second week of Hike meetings, MCUL and attendees met with key staff for U.S. Sen. Debbie Stabenow and Reps. Fred Upton, Andy Levin and Haley Stevens, along with Rep. Paul Mitchell’s Banking LA. Following the same format as week one, local credit union advocates led the discussion on our core federal legislative priorities.

“We are pleased to have members of our congressional delegation reinforce their support for key issues and provide valuable insight on how and when certain credit union-related legislation may move,” said MCUL CEO Dave Adams. “In addition, several Representatives expressed a desire to sponsor or co-sponsor legislation in 2021 with the start of the new 117th Congress that will address several key priorities. This is a clear sign that MCUL's advocacy efforts with federal elected officials is having a positive impact.”

The League thanks those credit union advocates who participated in this year’s Hike at Home.

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2020-10-28 00:00:00