State regulatory reform removes barriers to Wisconsin credit unions'
Activists took down barriers as
part of the state GAC
Wisconsin credit union Activists continued removing barriers during the GAC by:
Completing more than 600
visits with state lawmakers or their staffs
Distributing to legislative
offices their new Wisconsin Credit Union Scorecard to showcase their success serving members
and social responsibility in their communities.
Gaining an overview of top
industry advoacy issues from Ryan Donovan, SVP of Legislative
Affiars for the Credit Union National Association (CUNA).
Acquiring ideas to
tell their own service success stories from The Filene Research
Institute's George Hoffheimer and practicing their 1 minute "elevator
speech" about the importance of their credit union's impact.
Participating in panel
discussions aimed at improving their advocacy skills. Ideas
were shared by Heather Berlinski of the Kammer Group, Sarah Wainscott of
The League's Government Affairs Department, Jeff Buhrandt, Chief of
Staff for State Senator Bob Jauch, David Grace of Grace &
Associates, Christopher Roe of CUNA Mutual Group and David Feldhaus of
the Federal Home Loan Bank of Chicago.
Check out the 2014 state GAC photo album on Facebook!
Many thanks to GAC sponsors:
Diamond Sponsors: CUNA
Mutual Group & Corporate Central Credit Union
Federal Home Loan Bank of Chicago & La Macchia Group, LLC
Removing barriers that impede their success is
key to credit uions' national "Unite for Good" strategy for growth. Wisconsin
credit unions' latest achievement in doing so came the week of The
League's Government Affairs Conference (GAC) in Madison,
as the state legislature approved the largest state regulatory reforms
for credit unions in more than a decade. They now move on to the
Governor for his consideration.
The legislation, AB 649 and SB 520, are identical bills that address
12 of 20 sections of the state's Administrative Code governing credit
The changes update out-of-date, contradictory or simply unnecessary
notations, phrases or sections of the code.
While no single change in the bills may be pivotal in and of itself,
passage of this package will yield regulatory improvements and
operational changes reducing a small portion of the regulatory burden on
state credit unions.
This legislation—whose primary
authors are Rep. Dave Craig (R-Bend) and Senator Frank Lasee
(R-Belleview)—was initiated as part of the State Assembly
Financial Institutions Committee’s ‘Right the Rules’
Work on these bills began early last summer
and represents an agreed-upon proposal between The League, key
lawmakers, the Office of Credit Unions and the Department of Financial
The bills passed through committee on
unanimous, bi-partisan votes.
If you have any questions, please contact Tom Liebe, VP of
Government Affairs, at (608) 514-0082.
The Unite for Good effort is an
internal growth strategy developed by CUNA in conjunction with its
Board, state leagues, credit unions and system partners. The
plan's action steps – to remove barriers, increase awareness and foster
service excellence–are aimed at helping more credit unions become
their members' primary financial institution by compelling members to
see credit unions as their best financial partner. Read more articles in our Unite for Good