In these critical times for credit unions, our advocacy voice is as important as ever. We need your help to build Mountain West Credit Union Associations’ political strength. In an effort to raise awareness, we are conducting a Credit Union Get Out The VOTE Election PAC Recruitment Drive through Election Day.  Recruit new Contributors to CULAC-PAC and you help to build MWCUA’s clout on Capitol Hill.  And, you will be included in an Election night drawing to win a big cash prize! 

Here is all you have to do:

1. Sign up new contributors to CULAC-PAC

2. Write their names on the back of this form

3. Mail/Email form to MWCUA before November 6th, 2012 (if mailed must be postmarked by Nov 1st)

** You must recruit 5 NEW contributors to be entered into the GRAND PRIZE drawing. Entry forms with fewer than 5 NEW contributors will be eligible for First, Second, or Third Prize. NEW is equal to any new CULAC (not CUPAC) member or any current CULAC member who increases their contribution by $100 annually. All NEW CULAC members will be eligible for First, Second, or Third Prize. Entry forms must Be postmarked by November 1st, or hand/Email delivered to cupac@mwcua.com NLT by 6 pm MST on November 6, 2012. If you have any questions please call Chris Kemm at 800.477.1697 ext 3345.

CULAC is our FEDERAL PAC, not STATE PAC. (CUPAC) and this recruitment effort are separate from our 100% board participation campaign.  This should be targeted to staff and management teams within your credit union.  Also, we will not utilize PAY-PAL for this recruitment effort (Checks/ ACH or Payroll deduction only).

NOTE: Credit Unions who have not signed a current permission agreement with the Mountain West Credit Union Association/CUNA cannot participate in this recruitment effort.  If you would like to update your permission agreement with us, please contact Deb Larrabee at dlarrabee@mwcua.com

While CUNA continues to push for enactment of the MBL bill and the ATM bill, the status of these bills remain largely unchanged due to the long Congressional recess. 

Member Business Lending
Senate Majority Leader Reid has promised a vote on MBL legislation before the end of the year and preparation continues for the final vote outcome.  Hundreds of meetings have been held by CUNA staff, Leagues and credit unions since GAC, including many over the recent August recess.  Every day, there is more confidence in the ability to win an up-or-down vote on the Credit Union Small Business Jobs Act.  CUNA is exploring every opportunity to advance this legislation before the end of the year, and understands the banks have priorities that they would like to see addressed in the short-term as well.  The overwhelming message received from Senators is that they would like to see a legislative package that includes provisions for credit unions and banks which could benefit small businesses.  Combining the Credit Union Small Business Jobs Act and the banks’ extension of the Transaction Account Guarantee Program (TAG) could produce exactly that type of package.  CUNA continues to work closely with key leaders in Congress to ensure that TAG does not move without MBLs.

On Wednesday, CUNA is cosponsoring a policy briefing with the Hill newspaper entitled, “Access to Capital for Small Businesses.”  Senator Mark Udall (D-CO) and Representative Ed Royce (R-CA) will speak at this event along with many MBL coalition partners.  Additional research on the issue has been produced and will be presented by the Small Business Majority and R Street Institute. 

ATM Fee Disclosures 
In July, the House of Representatives passed the ATM Fee Disclosure bill (H.R. 4367 / S. 3204) by a vote of 371 – 0.  The bill remains stalled in the Senate by unrelated matters.  The Senate Banking Committee leadership has combined the ATM bill with a piece of legislation designed to protect the privilege of information submitted to the CFPB.  This combined legislation (S. 3394) is being held by Senator DeMint (R-SC) for reasons unrelated to either issue.  Senator DeMint has had a hold on the stand alone privilege bill (S. 2099) because he wants an up-or-down vote on the repeal of the Dodd-Frank Act.  He is unlikely to release his hold on S. 3394 unless he gets that vote; and, he is unlikely to be granted that vote.  So, we’re at a standstill right now.  To be clear:  CUNA supports moving the ATM bill as quickly as possible – whether it is combined with the privilege bill or on its own.  CUNA believes that the ATM bill, which currently has more than 60 cosponsors, could move quickly if it was put forward as a stand-alone measure.

CU Boots Keep Moving in Charlotte
Even as the Democratic National Convention (DNC) prepared Thursday for its climatic event--when President Barack Obama took the stage to accept the party's nomination for president--credit unions stayed involved in convention activities to the end.

"Our participation," says CUNA Vice President of Political Affairs Trey Hawkins, "is a dynamic way of keeping credit unions and the credit union philosophy of 'people helping people' in the national spotlight.   Read More

CUNA, CUs Honor Delegates, Stay Active at DNC                                          
Between 250 and 300 Democratic National Convention (DNC) delegates and more than a dozen federal lawmakers Wednesday attended an event hosted by the Credit Union National Association, the state credit union leagues, CUNA Mutual Group, and credit unions to honor all delegates attending the convention.

The delegate event closely followed another credit union convention highlight when CUNA and its partners unveiled a convention "leave-behind" project to benefit the DNC's host city.  Read More                                                                                                                                                   

NCUA Expands State Performance Mapping Analysis

The NCUA expanded its state-by-state quarterly performance analysis, releasing second-quarter statistics Wednesday that tripled the number of financial indicators tracked during first quarter 2012.

New key financial indicator categories tracked and mapped by state include net charge offs, asset growth, deposit growth and member growth. Previous categories include ROAA, delinquencies and loan growth.  Read More    cutimes.com                                                                                                                                         

Merchants Say Higher Fees Not Their Fault                                                cutimes.com

Higher checking account fees that consumers might be seeing cannot be blamed on higher interchange rates that larger asset banks are paying for their debit cards, according to a study prepared and released by the Merchants Payments Coalition, an organization of retailers created to oppose card interchange.

Banks and credit unions have charged that lower amounts of interchange income from debit card transactions have forced them to raise checking and other fees to make up the difference.  Read More                                                                                                                                    

CUs Winning Dismissals on Overdraft Suits                                                   cuna.org        

Credit unions have begun winning court dismissals on a variety of grounds in multiple, duplicative lawsuits that have been filed against financial institutions over overdraft policies and processes.

However, new cases continue to be filed in the cookie-cutter, class-action lawsuits, which claim financial institutions manipulate the posting order to beef up overdraft fees.  Read More 

Arizona News


Carmona, Flake In Tight Race For Senate Seat, Poll Says                     azcentral.com

The race for Arizona's first open U.S. Senate seat in nearly 20 years could become the tightest general-election contest for the office in decades.

Two months from Election Day, Democrat Richard Carmona and Republican Jeff Flake are tied, according to a poll by Public Policy Polling, a Democratic national polling firm.

Only 10 U.S. senators have represented Arizona in its 100-year history, with most of them serving multiple terms and winning re-election by comfortable margins.  Read More

Colorado News


Colorado Credit Unions Faring Better, National Report Shows              denverpost.com

The performance of credit unions in Colorado shows some improvement in the second quarter of 2012, according to a new analysis by the National Credit Union Administration.

The analysis shows Colorado ranked seventh in year-to-year asset growth at the credit unions (9.2%) and ninth in year-to-year deposit growth (8.8%), encouraging numbers as credit unions nationally press through the economic recovery.  Read More

Colorado Lawmakers Ask for More Drought Assistance                                 kunc.org

With the severe drought still gripping the region, two Colorado Republican lawmakers are asking the federal government to extend an emergency order that opened up more lands for livestock grazing and haying.

With no substantial moisture forecast in the coming weeks, Colorado Congressmen Cory Gardner and Scott Tipton want USDA to extend the lift on grazing and haying restrictions on lands previously off-limits under the Conservation Reserve Program through November 30th. Read More

Wyoming News


Wyoming Lawmakers Expect Federal Exchange                               billingsgazette.com     

Wyoming won’t be ready to operate a health insurance exchange by January 2014, setting the stage for a federal program run on the state’s behalf, state lawmakers said Thursday.

The federal health reform law gives states until Jan. 1 to develop a plan for running an exchange. Lawmakers who’ve studied exchanges expect the state will miss the deadline, increasing the likelihood the federal government will develop a program for Wyoming.  Read More                                                                                                                     

Matt Mead: Wyoming Will Miss Health Care Law Deadline                                 huffingtonpost.com

Gov. Matt Mead announced Thursday that Wyoming won't meet a pending deadline under the federal health care reform law to specify whether the state intends to establish a health insurance exchange — an online marketplace that would offer the public one-stop shopping for health insurance.

CUNA and Leagues Plan To Blanket RNC to Advocate For CUs

Credit union representatives, including staff from the Credit Union National Association and the state credit union leagues, will raise the profile of credit unions and credit union issues during this week's Republican National Convention.  Read More

CUs, Politics Front and Center For Alt. RNC Delegate

With 50,000 to 100,000 predicted to attend events here this week--and with 2,286 of them convention delegates and an equal number of alternates--credit unions are working a very crowded scene to see, be seen and be heard at events organized by and for the Republican National Convention (RNC).  Read More

Ann Romney to Attend CU Playground Ribbon Cutting

Credit unions scored a headliner for Wednesday’s playground ribbon cutting ceremony during the Republican National Convention: Ann Romney, wife of Republican presidential nominee Mitt Romney.

The ribbon cutting ceremony will unveil the charitable “leave behind” convention project, a therapeutic playground for All Children’s Hospital in Tampa, made possible by CUNA, the League of Southeastern Credit Unions and National Journal Group.  Read More