Rep. Perlmutter States Support Of CUs And Tax Status
After working closely the past month with the congressman, the Mountain West Credit Union Association announced Wednesday that U.S. Rep. Ed Perlmutter (D-Colo.) has issued a public statement of support for credit unions and their tax status.

"Congressman Perlmutter has always had a vision for empowering credit unions with the ability to serve our members and communities," said MWCUA President/CEO Scott Earl. "He clearly understands the difference in the way financial institutions are structured, and how credit unions are an important part of the economic structure of their local communities. We are honored to have a strong financial champion for consumers in our congressional delegation."  Read More

The Cheney Report



  • A Powerful Welcome Back from the CU System: ‘Don’t Tax My CU’ Resounds Through Congress on Its Return
  • States Playing Crucial Role in Generating Lawmaker Support
  • Top House Tax-Writer Pledges ‘This Year’ for Tax Reform Bill
  • Help Us Delay the CFPB Mortgage Rules – And Ease the Burden!
  • Agency Gives Nod to ‘Clarified’ Fixed Asset Rules; Some Changes Still Needed
  • Our ‘Women’s Finance Survey’ Collects National Exposure in USA Today
  • Read the entire Cheney Report HERE

CUNA Legislative Update 
September 9, 2013

Good morning!  August recess is over and Congress is back in Washington for the September work period.  While Congress will only be in session for a handful of days in September, this work period will be highlighted by consideration of a use of force resolutions regarding Syria and continuing appropriations resolutions to fund the government into the new fiscal year which begins on October 1.  Also during this work period, we expect progress to be made behind the scenes to help set up action later this year on housing finance reform and tax reform.


The Cheney Report



  • Congress Comes Back – To ‘Don’t Tax Tuesday’ Round 2
  • Tax, Housing Finance Reform On The Agenda In Coming Weeks
  • Letter To FCUs On Membership Advertising A Concern
  • ICU Day Is Another Opportunity to “Unite for Good”
  • ‘Credit Union Rock Stars’ Tells the Stories Of The Passion Of CU People
  • Look To Us For A ‘Scan’ Of The Strategic Playing Field
  • Read the entire Cheney Report HERE

Credit  union membership growth is moving three times faster than U.S. population growth, according to the Credit Union National Association's monthly sample of credit unions for July. That report also reflects a continuation of strong, overall first-half-of-the-year results.
Total memberships expanded rapidly in July--increasing by 0.4% in the month and pushing them over the 98 million mark, Mike Schenk, CUNA vice president of economics and statistics, told News Now.  Read More

It's September: Is Your CU Prepared?
As News Now has been reminding over the last month, September is National Preparedness Month. The Federal Emergency Management Agency (FEMA) is inviting all interested parties to join a collaborative "National Preparedness Community" to fulfill a "shared responsibility to prepare."  Read More


  • Briefs Fly in Interchange Case; Fed Appeal Process is Underway
  • Welcome Board Member Metsger
  • CUNA-Backed Recommendations Make it Into QRM Revision
  • Electronic Filing Rule Necessary? We Don’t Think So
  • Home Cooking Working Well in Tax Battle
  • Growth Matters
  • Read entire Cheney Report Here

Innovative 'Don't Tax' Efforts To Build Support In Congress
Credit unions were working hard in their districts to convince lawmakers to support the credit unions' tax status as part of the national "Don't Tax My Credit Union" campaign. Efforts were paying off, with more congressional delegates committing to preserving the corporate income tax-exempt status of credit unions.  Read More

Sen. Enzi, Two Congressmen State Support Of CUs' Tax Exempt Status
A U.S. senator and two congressmen have added their support of credit unions' tax-exempt status to the growing list of congressional supporters, a further indication that credit unions' "Don't Tax My Credit Union" campaign is having an impact. They are U.S. Sen. Mike Enzi (R-Wyo.), and U.S. Reps. Steve Daines (R-Mont.) and Phil Roe (R-Tenn.).

From left are: Chris Kemm of Mountain West Credit Union Association; Steve Higginson of Reliant FCU, Casper; Sen. Enzi; Brian Rohrbacher, Atlantic City FCU, Lander; Bill Willingham, WyHy FCU, Cheyenne; andVicki Nelson, River-Rail Community FCU, Casper.

The Cheney Report



  • Round Two of Interchange: Fed Appeals, Status Quo for Now
  • Bankers Fire Same Old Missives Over Exemption
  • More Lawmakers Voice Support for Credit Unions
  • Read entire Cheney Report HERE