Answer: Credit unions are directly affected by a variety of legislative issues. These include regulatory changes, changes in employment practices, and, of course, taxation issues. Credit unions also get involved in legislation that provides better financial education or tools for economic empowerment that can improve the communities where credit unions are located and the lives of people living in those communities. Credit unions support these legislative issues by testifying during hearings, writing lawmakers, and making contributions to candidates’ campaigns.
Because credit unions are affected by laws, rules, and regulations, it is important to support candidates who are willing to listen to credit union issues and work for credit union principles while they are in office. Credit unions need to get involved with the legislative process to make sure our story is told and heard.
Check out our website's Advocacy and Government Relations section or e-mail Clyde Dailey or Donya Parrish for more information about political advocacy or to let us know of credit union friendly lawmakers in your area.