cuna.org/advocacy#32807 © Credit Union National Association 2015

The combined power of a national association, state leagues, member credit unions and more than 100 million members form an unequaled network looking out for credit unions’ best interests.

REMOVINGBARRIERS

CUNA supports, protects, unifies & advances the credit union movement by:

CREAT INGAWARENESS

FOSTER ING SERVICE EXCELLENCE

YOUR STRONGEST ADVOCATE

CUNA’s mission starts here, as we deploy targeted strategies and provide 360-degree advocacy to strengthen credit union operating environments across the nation.

Removing Barriers

CUNA is advocating for credit unions and working on numerous issues as we improve the operating environment for credit unions. The information below summarizes our recent advocacy impact.

Field of Membership

Action CUNA asked the NCUA to do everything that they can under the law on field of membership as well as provided the NCUA with recommendations.

Impact NCUA reduced by two months the process for expanding community credit union charters and has sent signals it intends to propose comprehensive FOM reform within a few months.

We expect additional action by early 2016.

Credit Union Tax Status

Action CUNA ran a 360-degree advocacy push to protect the credit union tax status, including lobbying on Capitol Hill, a huge grassroots push to contact Congress and media pushes.

Impact We successfully protected the credit union tax status.

Business Lending

Action CUNA asked NCUA to remove from its rules all requirements that are not required by law to make it easier for credit unions to lend to small businesses.

Impact Based on CUNA recommendations, the NCUA has proposed a rule that would remove from regulation all requirements and restrictions that are not required by the Federal Credit Union Act.

Regulatory Relief

Action CUNA called on Congress to enact meaningful regulatory relief for credit unions.

Impact There are already 15 pro-credit union provisions – including three credit union only provisions – in the Shelby regulatory relief bill.

The Shelby bill that has not only passed the Banking Committee but is also in the Senate Financial Services and General Government Appropriations Bill, which bodes well for credit unions.

17 CUNA supported bills have passed the House Financial Services Committee with three more slated for action in the coming weeks.

Supplemental Capital

Action CUNA advocated to include supplemental capital as part of the NCUA’s risk-based capital proposal.

Impact We expect that NCUA will propose a supplemental capital rule in the next few months.

Trade Bill Tax Reporting

Action CUNA opposed efforts in Congress to assess fees or additional regulatory burden on credit unions to pay for legislation.

Impact The problematic tax reporting provision in the trade bill was successfully removed.

Transportation Network Company Legislation

Action CUNA and the Leagues advocated to improve transportation network company legislation in state capitals and Washington, D.C., which impacted credit unions with TNC drivers.

Impact The improved legislation better protects credit unions whose members use their vehicles to drive for TNCs.

CFPB Credit Union Advisory Council

Action CUNA strategically recommended eight credit unions to be named to the CFPB’s Credit Union Advisory Council.

Impact Six CUNA member credit unions were named to the CFPB’s Credit Union Advisory Council.

Overdraft Protection

Action CUNA developed a comprehensive strategy regarding overdraft protection.

// Worked with the Government Affairs Subcommittee and Leagues to craft a message to the CFPB regarding overdraft protection.

// Coalition building with other trade associations on related advocacy efforts.

// Collecting data to show that credit unions offer this service responsibly to their members.

// CUNA is conducting an Overdraft Protection Summit in mid-October, which will bring the Consumer Protection and Examination & Supervision Subcommittees together to meet with the CFPB to advocate for preserving this service for credit union members.

Impact Expect a rule on overdraft protection out early next year.

Conducted an Overdraft Protection Summit, which brought the Consumer Protection and Examination & Supervision Subcommittees together to meet with the CFPB to advocate for preserving this service for credit union members.

2015 ACTION AND IMPACT AT-A-GLANCE

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240 120

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Advocating inWashington, D.C.,

and all 50 statecapitals

Supporting creditunion-friendly

politicalcandidates

Mobilizinggrassroots’influence on

policymakers

Deliveringsupport andresources to

ease compliance

Providing apresence onCapital Hill

through CreditUnion House

Fightingregulatory

burden

Asserting creditunion interests

in the courts

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CUNA-League SystemThe Power of Association

The combined power of a national association, state leagues, member credit unions and more than 100 million members form an unequaled network looking out for credit unions’ best interests. Together, we remove barriers, create awareness and foster service excellence for all credit unions and their members.

#32602

REMOVING BARRIERS

• Asserting credit union interests in the courts

• Supporting CU-friendly political candidates

• Delivering support and resources to ease compliance

• Providing a presence on Capitol Hill through Credit Union House

360-DEGREE ADVOCACY to optimize the credit union operating environment. • Advocating in

Washington, D.C. and all 50 state capitals

• Mobilizing grassroots to influence policymakers

• Fighting regulatory burden

FOSTERING SERVICE EXCELLENCE

STRATEGiC COmmuniCATiOnS to position credit unions as the best financial partner for Americans.

• Connecting with a diverse demographic through a vast network of media outlets

• Helping consumers understand, access and engage credit unions

• Telling the credit union story locally and nationally

• Supporting our advocacy mission through public relations

• Advancing professionals through training and conferences

• Easing operations through expert insights, data and toolkits

• Providing tools and content for member engagement

• Building strategic relationships with CU-focused providers

HiGH-imPACT RESOuRCES AnD nETwORkinG for all credit union positions and volunteers.

50STATES

credit unions in Washington, D.C.

and capitalsof all

CREATING AWARENESS

360ADVOCACy