CUNA Gathers 500 CUs, Small Biz Reps to Press For MBL Passage
More than 500 credit union and small business supporters, representing nearly every state, are blanketing Washington, D.C. to urge legislators to approve U.S. House and Senate bills that would increase the credit union member business lending (MBL) cap as part of a Credit Union National Association (CUNA)-organized National Hike the Hill.

Sen. Mark Udall (D-Colo.), lead sponsor of Senate MBL legislation, welcomed the credit union and small business groups to Washington at a Hike the Hill reception.  See more Here

The MBL advocates are meeting with their respective members of Congress and the focus of these visits is the bills that would increase credit unions' current 12.25%-of-assets MBL cap to 27.5% of assets, S. 2231 and H.R. 1418.  Read More


#smallbiz  #raiseMBLcap 
 

Upcoming Events

11/28/2012

 
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January 8: WY Legislative Reception
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February 24 – 28: GAC in Washington, DC
 
 
The House and Senate This Week
The House and the Senate return to Washington this week to continue the post-election session.  It’s a critical time in terms of the chances to enact member business lending legislation.  Read More

 
 
 

National News

11/28/2012

 
Sens. Alexander, Bennet Give Leaders Emergency Plan to Avoid 'fiscal cliff'
Sens. Michael Bennet (D-Colo.) and Lamar Alexander (R-Tenn.) have given their leaders an emergency backup plan to keep Congress from plunging off the "fiscal cliff" at year’s end.

Bennet and Alexander have submitted a three-part plan to Senate Majority Leader Harry Reid (D-Nev.) and Republican Leader Mitch McConnell (Ky.) to keep as a last resort in case negotiations with President Obama fall short.  Read More                      ~thehill.com

Medbox Comments on New Legislation Introduced in the U.S. House of Representatives
Medbox, Inc. (Ticker: MDBX) (www.medboxinc.com), commented on the new legislation put forth recently in the U.S. House of Representatives. The bill, known as the "Respect States' and Citizens' Rights Act," spells out that any state that passes its own laws governing marijuana – including medical marijuana - would be exempt from certain sections of the Controlled Substances Act.

The bill was introduced by Colorado U.S. Rep. Diana DeGette, and co-sponsored by Colorado Democrat Jared Polis and Republican Mike Coffman, as well as a number of other representatives from around the country.  Read More                                  ~sacbee.com

 
 
#MoveYourMoney
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Quote of the Week:

11/28/2012

 
Freedom has its life in the hearts, the actions, the spirit of men and so it must be daily earned and refreshed - else like a flower cut from its life-giving roots, it will wither and die. 

~Dwight D. Eisenhower

 

Arizona News

11/28/2012

 
Chandler banks included in national survey on free checking                               ~newszap.com

“Consumers should reject the myth that the days of free checking are gone,” said Diane E. Brown, executive director of the Arizona PIRG Education Fund. “Consumers should consider putting their money in a small bank or credit union to avoid big fees at ... Read More


What We Need Is a New Deal                                   ~thehill.com
~ by Rep. Raul Grijalva

Fiscal negotiations are the talk of Washington, but they’re not the talk around the dinner tables of millions of hard-working Americans. As usual, the conventional wisdom — and a lot of the media — is missing the real story. 
Read More                                        
 

Colorado News

11/28/2012

 
The following newspaper article ran in the Denver Post Sunday edition:

Credit Unions Continue Surge in Customers Leaving Banks
Credit unions are showing continued increases in new memberships in Colorado and nationwide, a year after consumers who were mostly fed up with fees started a movement away from banks.

The idea was that fees for banking services could be avoided by transferring accounts to local credit unions. It evolved into Bank Transfer Day, whose effects, industry experts say, lingered long after.

Membership enrollments in Colorado-based credit unions have risen by 2.4 percent in the past year — the first increase in three years and the highest since 2001.  Read More
 

Wyoming News

11/28/2012

 
Lawmakers Look Outside Wyoming For Insurance Relief                                                      ~trib.com

Hoping to address escalating health insurance costs, Wyoming legislators are exploring ways to make it easier for residents to buy policies from out-of-state companies.
Lawmakers have already drafted legislation that would allow Wyoming to accept policies approved in other states. Read  More