Our Hike-the-Hill for September 25-26 has been POSTPONED due to Congressional House scheduling conflicts.

A new Hike-the-Hill for October 23 & 24 is being reviewed.  Visits would start on the morning (usually around 9 a.m.) of Wednesday, Oct. 23 and be completed by 2 p.m. on Thursday, Oct 24.   We are encouraging all participants to fly-in no later than Tuesday, Oct. 22 and fly-out sometime after 3:00 p.m. on Thursday, Oct.24.   Note:  These dates have not yet been finalized.

Please contact Deb Larrabee at dlarrabee@mwcua.com by Monday, August 12 if this will fit into your schedule to attend.  Thank you.

**Important Note: Our Hike the Hill is critical due to budget bills and the credit union Tax Reform legislation.  The Hill visits allow the opportunity to speak to our Federal legislators about supplemental capital and member business lending as well.

CUs Prepare To Unite For Good On 2013 ICU Day
The theme of this year's International Credit Union (ICU) Day, Oct. 17, is "Credit Unions Unite for Good," the Credit Union National Association announced.

"We are coming off a great Unite for Good impact at America's Credit Union Conference (ACUC) in New York City," said Paul Gentile, CUNA executive vice president, strategic communications and engagement. "Now is the time to take that message and drive it across the nation. This year's ICU Day initiative, 'Unite for Good,' is the perfect way to bring credit unions together around a common cause that will make a huge difference with both national and local impact."  Read More

CUNA Legislative Update 
July 29, 2013The House and the Senate return to Washington for the last week of session before the August district work period.  Unlike the past few years when Congress was facing a debt ceiling or other crisis, the last week of this work period is expected to be rather routine.

Floor Schedule
The Senate returned on Monday to resume consideration of the “Transportation, Housing and Urban Development and Related Agencies Appropriations bill” (S.1243).  Later this week, the Senate is also expected to vote on the nominations of:
  • James B. Comey, Jr. to be Director of the Federal Bureau of Investigations
  • Kent Yoshiho Hirozawa to be a Member of the National Labor Relations Board
  • Nancy Jean Schiffer to be a Member of the National Labor Relations Board
  • Mark Gaston Pearce to be a Member of the National Labor Relations Board

Colorado State Treasurer Walker Stapleton Touts Key Piece of Legislation
Colorado State Treasurer Walker Stapleton paid a visit to Cañon City's Rotary Club on Wednesday to talk about fiscal issues and economic challenges facing Coloradans.

"As the state's Chief Financial Officer, I think it's important to go around to as many parts of the state as possible and talk about economic and budget issues that affect Colorado and some of the economic legislation that we've worked on in the treasurer's office," he said during an interview at the Daily Record.  Read More
On this day in 1868, Congress created the Wyoming Territory. To do so, lawmakers carved out land from the Dakota, Idaho and Utah Territories.

The matter had been on the congressional docket since 1865, when Rep. James M. Ashley (R-Ohio), chairman of the Committee on Territories, pressed his fellow legislators to provide a “temporary government for the territory of Wyoming.” But Ashley’s bill failed to advance out of his committee.  Read more

Quote of the Week


Getting information off the Internet is like taking a drink from a fire hydrant.
~Mitchell Kapor 

PATH Act Heads to House Floor
The House Financial Services Committee on Wednesday passed the Protecting American Taxpayers and Homeowners Act by a vote of 30-27.

The bill, which now faces a vote on the floor of the House, would eliminate Fannie Mae and Freddie Mac and largely privatize the secondary mortgage market.  Read More

  • NCUA Cuts Budget by $2.8 Million—Now is the Time to Eliminate Corporate Assessments
  • No ‘Pay for Play’ on Derivatives – or Anything Else!
  • We ‘Blew Up’ Twitter on ‘Don’t Tax My CU Tuesday’
  • Momentum Builds on Housing Finance Reform
  • CUNA Ranks as One of Best Associations in D.C.
  • Read the entire Cheney Report HERE
Udall, Bennet Amendments Would Help Colorado Communities
U.S. Sens. Mark Udall and Michael Bennet have proposed requiring the Federal Railroad Administration to work with Colorado communities in examining and considering revisions to that agency's train horn rules.  Read More

House Dem Sues to Stop Fracking
Rep. Jared Polis (D-Colo.) is suing to halt a hydraulic fracturing, or fracking, operation near a Colorado property he owns

Polis told the Boulder Daily Camera that he wanted to take a more vocal stand on fracking, commenting that Colorado laws are "outrageously out of touch in terms of protecting property."  Read More

Jump-starting Economic Development
Last Thursday, I introduced legislation to jump-start economic development in rural and urban areas. The Philanthropic Facilitation Act would make it easier for foundations and other philanthropic organizations to contribute financially to job creators across the country. The bill works by streamlining the approval process that determines eligible recipients of charitable investments. Read More

Senate Relief Bill Would Help CUs
Sens. Jon Tester (D-Mont.) and Jerry Moran (R-Kan.), both members of the Senate Banking Committee, are preparing to introduce a bill that would provide some regulatory relief for both community banks and credit unions.

The House bill was introduced this Spring by Rep. Blaine Luekemeyer (R-Mo.).

The Senate CLEAR Act would provide regulatory relief to credit unions and community banks, though focuses on banks. The Senate bill includes four key provisions, two of which would benefit credit unions. Read More
Cheney To Obama: Include MBLs In Econ Aid Packages
Credit Union National Association President/CEO Bill Cheney has encouraged President Barack Obama to "include authority for credit unions to provide more credit to small businesses, which will create at least 140,000 jobs in the first year in communities across the country without the expenditure of a single tax dollar" in any legislative jobs package his administration develops.  Read More
U.S. District Court Dispenses With Debit Cap
U.S. District Court Judge Richard Leon has invalidated the Federal Reserve's cap on debit interchange for debit issuers with over $10 billion in assets and ordered the regulator recalculate it.

The Fed established the debit cap in accord with regulation it put into place to enforce an amendment to the Dodd Frank financial reform law that was named for its chief sponsor, Sen. Richard Durbin (D-Ill.)  Read More